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Article: ROAD TO FINANCIAL AID IS LITTERED WITH SCAM ARTISTS
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- April 25, 2004
- Author:
CopyrightCopyright 2004 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Hosting extravagant dinner parties at plush locales, so-called
financial aid consultants try to persuade parents to spend hundreds
for advice on financial aid, loans, and scholarships.
They give high-powered sales pitches to families hoping to cut
huge college bills: "You can't get this information anywhere else."
"Things always get lost in the financial aid department." "Don't lose
the financial aid you're entitled to."
But too often, according to the federal Bureau of Consumer
Protection and college financial aid officers, such companies make
promises they cannot keep, such as guaranteeing scholarship money or
bigger financial aid packages. Other times, they claim to offer