The Department of Education and Federal Trade Commission Guide on Deceptive Student Loan Marketing
The Department of Education and Federal Trade Commission prepared a guide with advice to students, parents and others on how to spot deceptive marketing, tips on how to navigate the consolidation loan market, and information on how to file a complaint against a lender. Click here for a copy of the guide
Telephone Scholarship Scammers Claim To Be From USED
WUPW-TV Toledo (3/7, 10:25 p.m.) reported, "A warning going out for college-bound students and parents, don't get caught up in a scholarship scam. ... The US Department of Education says someone is trying to rip off students in need of scholarships. ... It's serious enough that University of Toledo police are posting a warning on their website. Someone is allegedly calling students and offering them scholarships, but police say it's all really a scam. ... Someone is calling college-bound kids and claiming to be from the US Department of Education. They offer up scholarships and grants, and say they need a bank or credit card number for a $249 dollar processing fee."
