Post Content

Even in a slumping economy, the cost of a college education continues to rise, and college-bound students and their parents are seeking any financial assistance they can get. However, there are financial frauds and scholarship scams out there that parents and students of which parents and students should be aware.

If you’re researching college education financing, make sure you’re aware of some of the warning signs of a scam. You shouldn’t have to pay a fee for a scholarship, you should apply for scholarships yourself, and you should not have to offer up credit card or bank account information to receive funding. For more warning signs, read this Consumer Advisory (PDF).

As with any case of potential financial fraud, if you think you are a victim, make sure you contact your bank or credit card company, explain the situation, and request that your account be closed or monitored. If you think you’ve received a fraudulent offer, contact the Office of Consumer Affairs and Business Regulation, and the Attorney General’s Office. You can report the fraud to the U.S. Department of Education’s Office of the Inspector General, the Federal Trade Commission, and the National Fraud Information Center.

Written By:

Recent Posts

Managing bills after a natural disaster posted on Sep 22

Managing bills after a natural disaster

Following a natural disaster, consumers in the disaster area are undoubtedly faced with challenges. After making sure loved ones are safe, attention turns to repairing damages and salvaging belongings. Day-to-day activities are often forgotten or put off. But it’s important to remember there are responsibilities,   …Continue Reading Managing bills after a natural disaster

Natural Disaster Preparation posted on Sep 19

Natural Disaster Preparation

A natural disaster or severe weather event can strike at any time, that’s why it’s imperative for consumers to be prepared. The Office of Consumer Affairs and Business Regulation and the Division of Insurance offer the following tips for preparation and your safety after a   …Continue Reading Natural Disaster Preparation

How Do You Connect? A Consumer Guide to Landline Telephone Service: Part 4—Slamming and Cramming posted on Sep 12

How Do You Connect? A Consumer Guide to Landline Telephone Service: Part 4—Slamming and Cramming

When buying landline telephone service for your home, you should be aware of several issues, including technological changes impacting the communications network, and ask questions to make sure you are getting the type of telephone service that best meets your needs. Telephone calls are generally   …Continue Reading How Do You Connect? A Consumer Guide to Landline Telephone Service: Part 4—Slamming and Cramming