Financial aid and scholarship companies advertise on TV, radio, and by direct mail. These companies usually offer lists of possible financial aid sources which could include grants from government agencies or foundations and scholarship sources. Some of these companies charge a fee which may range from $20 to several hundred dollars.
While some parents may find it helpful to hire a service to help identify the best fit for financial assistance for college, information on many of financial sources for college is also available for free from school guidance counselors, college financial aid offices and in the reference section of your local library.
Look for red flags of a financial aid or scholarship related scam.
Click here for more information on Financial Assistance scams.
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