BBB: Tips to smell out college finance scammers

The Better Business Bureau has these tips on how to avoid tricksters taking advantage of people hoping to reduce their college cost.

    • Watch out for any company that requests a fee to find financial aid upfront, especially when it comes to scholarships. It’s a sign of a scam if someone says you can get one for a fee.
    • You should never pay for information on grants and scholarships. All that information is available for free at places like a high school counselor’s office or by checking with a college’s financial aid office.
    • You cannot win a scholarship you didn’t apply for, they are not given out randomly. If you accept it, you’ll have to pay a processing fee.
    • Scammers will sometimes use robocalls to harass victims. They will claim to renegotiate your debt or eliminate it, but they will ask you to pay an upfront fee and that is illegal
    • Remember to never give out your credit card or bank information to someone who contacts you unsolicited online, over the phone or by mail.

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