Tuesday, December 15, 2009

How to avoid college money scams

Because of the economy, college and state budget cuts, tuition rising, many students are looking for help in finding money for college. Beware that there are plenty of scams just waiting to take your money on false promises. Here are some tips.

Deal with only reputable people who you know or are with a public high school or college. Find out what information there is from the counselors. They will have the real scoop on scholarships, loans, and grants.

And they should all be free. That's right. Never pay for money to be sent to you. A sure sign of a ripoff is if you have to pay a "fee" to have the money sent to you. College grant scams are abundant with lines like, send us money and we'll guarantee money in the mail. Not going to happen.

You may find that you pay for a scholarships search. Nothing wrong really with scholarship search services. The thing is, however, that all they do is give you information on scholarships that you could just research yourself for free. It does save you time, but may not be worth the cost of paying for just a list. But this is all they should promise you: Scholarship information. Anything about getting money for sure should be avoided. Nobody can promise you scholarship money, grants, loans, except companies and government agencies know to your college.

If you pay for this scholarship information, by all means use a credit card. Rules for credit cards are pretty good for getting what was promised. You can cancel the purchase with probably a phone call and dispute the charge with your credit cared company. It is a little insurance against scams.

The bottom line is, your counselors at high school and college will be the people who really know what is available to you. Remember, they want you to attend their college and will try and work with you if you are a top notch student!

>>Credit cards for college students

>>5 jobs college students can get now

>>Quick tips to cut college costs

No comments:

Post a Comment