Student Financial Aid: Six Scams and Myths

financial aid scam consumer ally
financial aid scam consumer ally

When you're hoping for some help to pay for college you'll be in the crosshairs of scam artists looking to take advantage of your vulnerability.

Tuition assistance, in the form of scholarships, is not only hard to get -- but competition can be fierce when annual tuition bills can run upward of $50,000 a year. The desire to get financial help for that pursuit means consumers need to be on guard when opportunities appear to present themselves.

So, Consumer Ally is sharing a list of scams and myths about student financial aid that New York officials compiled to help families avoid falling victim to scammers.