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Financial Aid in the News

Watchdog: Beware Of College 'Scholarship' Scam (Star-Telegram)

"People claiming to represent the U.S. Education Department are calling students to offer scholarships and grants," the Star-Telegram reports. "The callers ask for a bank or credit-card number, saying the information will be used for a $249 processing fee. But it's a fake. ... 'Do not give your financial information to individuals making these claims,' the department warns. If you receive a call, report it to 1-800-MIS-USED, or send an e-mail to oig.hotline@ed.gov. The government Web site www.ftc.gov/scholarshipscams shares telltale signs of fraud."

You can read the complete February 20, 2009 Star-Telegram article on-line.

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