An interesting notice landed in my RSS reader late last week from the US Department of Education. There is a publication available called Student Loans: Avoiding Deceptive Offers that is designed to inform students and their families about deceptive practices from private companies.Among other things, the brochure "offers tips and advice on recognizing questionable practices," including a comparison of logos and images that some companies use that are very close to the federal loan program's seals, and the use of variable vs. fixed interest rates.
It's free and downloadable here: http://ombudsman.ed.gov/hottopics.html
The release also states that the Department of Education has been working with the Federal Trade Commission for 10 years to educate the public on the issue of scholarship scams. A quick search of the website found this page titled Looking for Student Aid... Without Getting Scammed. Check it out!
1 comment:
Make sure students apply for federal student loans beofre private student loans:
http://www.StaffordLoan.com - Federal Stafford Loans
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