More Common today than in the past people who need financial aid are finding themselves victims to financial aid and scholarship scams. Here are some things to look out for:
Recently there has been a scam circulating that promises to pay back your loans with grants, but asks for your financial information. If you have received any postcards or e-mails that make this claim, please bring them into our office as soon as possible.
You have to pay a fee for the services
There is a "Money back guarantee"
Your credit card or back information is being asked for
Claims exclusive information or offers not available anywhere else
Claims a high percentage of applicants receive their scholarship
The most common scams are usually in the form of fake scholarships or loans. Just remember that no-one is supposed to come to you for financial aid, and that there should not be a lot of pressure to get you to participate.
Please report an scams as soon as possible. Report possible scams to the Federal Trade Commission either online or call 1-877-FTC-HELP.
More information about scams can be found:
Also let our office know so we can make sure other students don't fall victim to fraud.