Avoid getting scammed by scholarship services - WAOW - Newsline 9, Wausau News, Weather, Sports

Avoid getting scammed by scholarship services

By Kristen Rietz - bio | email | Twitter | Facebook

 Millions depend on grants and scholarships to pay for college.

The process of applying for financial aid can be confusing and some companies claim they can help, but only end up providing assistance that students can already get for free.

Make sure you do your research before paying a company to find financial aid for college.

Every year, BBB receives complaints from parents who paid money upfront to a company that promised to find scholarships and grants for their child but ultimately didn't deliver.

Listen for the following red flags when receiving the sales pitch from a financial-aid finder:

· "The scholarship is guaranteed or your money back." In reality no one can guarantee that they will get you a grant or scholarship. And there are usually have so many conditions that it is almost impossible for consumers to get their money back.

· "You cannot get this information anywhere else." Actually, scholarship information is widely available in books, from libraries and financial aid offices and on the Internet, if you are willing to dig.

· "We will do all the work." Only parents and students can really determine and provide the financial information needed to complete the forms.

· "May I have your credit card or bank account number to hold this scholarship?" This is never a requirement for a legitimate scholarship offer.

Powered by Frankly