Scholarship
Scams - a warning on scholarship fraud from
the Federal Trade Commission
AmeriCorps
- national service program that allows people of all ages and
backgrounds to earn help paying for education in exchange for
a year of service
If
you encounter a college financial aid consultant offering
either one of the two guarantees listed below do not
do business with them. Read the guarantees, they
sound great but as you'll see they are grossly misleading.
The
first common guarantee is: they promise a minimum of $2500
in aid, or they will refund the fee you paid them.
The
second common guarantee is: they promise you 100% of the
money you need to send your child to school, or they will
refund the fee you paid.
The
first common guarantee is actually a federal entitlement that
the college consultant is passing off as his or her own
guarantee. The fact of the matter is all you have to do to be
guaranteed $2500 in the form of a student loan is complete the
FAFSA and have your EFC $2500 less than the total cost of
attendance. We think it's dishonest to pass off a federal
entitlement as your personal guarantee and it leaves us
wondering what else are they lying to us about.
The
second common guarantee you are entitled to also comes from
the Federal Government. All you have to do is complete the
FAFSA form and be credit worthy, and you qualify for 100% of
the difference between the aid you receive and the total cost
of attendance in the form of the PLUS loan. How's that for
another grossly misleading guarantee?
We
provide families like yours with the most
comprehensive financial aid service in the industry
and at the lowest fee in the market place today, but what we
are equally proud of is our guarantee.
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