Better Business Bureau warns of student loan scams

2 years 5 days 21 hours ago April 23, 2015 Apr 23, 2015 Thursday, April 23 2015 Thursday, April 23, 2015 4:19:00 AM CDT in News
By: Hannah Shaw, KOMU 8 Reporter
loading

COLUMBIA - As many local students prepare for both high school and college graduation, the Better Business Bureau is warning them to beware of student loan scams. 

The average student in Missouri leaves college with more than $24,000 in student loans and scammers are trying to take advantage.

The BBB recommends students and their families consider all financial aid options before accepting a deal. 

When receiving financial aid advice, the BBB says to be cautious of claims that guarantee aid, say they have exclusive information, or ask for credit card or banking information. The organization said financial aid information is widely available from both government sources and university financial aid offices. 

Another method used in these scams involves pressuring students and their families to act quickly on a deal that scammers claim will expire. The BBB said any offers that do not give the student time to research their options is not a deal worth taking. 

The BBB said students should never give out their financial information to private organization who claim full student loan forgiveness without repayment because no such programs exist.

The group also warns graduating college seniors to look out for unnecessary fees from loan consolidation companies.

More News

Grid
List
KANSAS CITY, Mo. (AP) — Three people have been charged in the stabbing death of a Kansas man who was... More >>
11 minutes ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:54:51 PM CDT in News
JEFFERSON CITY - The Federal Emergency Management Agency (FEMA) and state and local agencies held a public meeting Friday to... More >>
13 minutes ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:53:00 PM CDT in News
KANSAS CITY, Mo. (AP) — A zoo in western Missouri will soon have a saltwater tank allowing visitors to pet... More >>
19 minutes ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:46:58 PM CDT in News
COLUMBIA (AP) — An education official from Oregon will be interim chancellor for the University of Missouri Science and Technology.... More >>
25 minutes ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:40:16 PM CDT in News
SPRINGFIELD (AP) — Nearly 200 animals rescued from a home in southwest Greene County are being prepared for adoption at... More >>
33 minutes ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:32:22 PM CDT in News
SPRINGFIELD (AP) — The parents of a 10-year-old homicide victim have settled a wrongful death lawsuit with the man charged... More >>
41 minutes ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:25:00 PM CDT in News
ST. LOUIS (AP) — A 6-year-old girl is dead after being struck by a hit-and-run driver in St. Louis. ... More >>
46 minutes ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:19:11 PM CDT in News
COLUMBIA - Police have arrested the three men they said are responsible for robbing a Columbia bank and leading officers... More >>
2 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 10:25:39 AM CDT in News
COLUMBIA - Every last Friday of each month Cafe Berlin will fundraise to contribute to organizations that have experienced discrimination,... More >>
5 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 7:55:00 AM CDT in News
COLUMBIA - Forty-eight Columbia churches will gather this weekend to participate in the third annual ForColumbia volunteer event, a city-wide... More >>
10 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 2:59:00 AM CDT in News
COLUMBIA - The Columbia Police Department beat commanders hosted their first beat meeting with the northeast Columbia community for the... More >>
14 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 10:24:00 PM CDT in News
JEFFERSON CITY (AP) — Missouri House members want more information on how much money the state is paying in lawsuit... More >>
17 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 7:48:03 PM CDT in News
JEFFERSON CITY (AP) — The Missouri Senate has passed a bond measure for a new music and dance conservatory at... More >>
17 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 7:43:00 PM CDT in News
JEFFERSON CITY - A Columbia woman pleaded guilty Thursday in federal court to embezzling $231,600 from her employer, Shelter Insurance... More >>
18 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 6:12:00 PM CDT in News
CAMDEN, N.J. (AP) — A Honduran man who entered the United States illegally three times has pleaded guilty to kidnapping... More >>
19 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 5:25:40 PM CDT in News
JEFFERSON CITY (AP) — Som e Missouri lawmakers want to shield lodging websites such as Airbnb from local ordinances that... More >>
19 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 5:16:31 PM CDT in News
COLUMBIA (AP) — The four-campus Unive rsity of Missouri s ystem is proposing raising tuition and required fees of in-state... More >>
20 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 5:04:00 PM CDT in News
COLUMBIA - The University of Missouri released new and revised policies relating to protests and free speech on campus, including... More >>
20 hours ago April 27, 2017 Apr 27, 2017 Thursday, April 27 2017 Thursday, April 27, 2017 4:10:00 PM CDT in News
Columbia, MO
Broken Clouds 56°
2pm 64°
3pm 66°
4pm 67°
5pm 68°

Select a station to view its upcoming schedule:

Coming Up Next

1:00p
Days of Our Lives
2:00p
The Dr. Oz Show
3:00p
Dr. Phil
1:00p
Maury
2:00p
Judge Alex
2:30p
Judge Alex

Tonight's Schedule

7:00p
First Dates
8:00p
Dateline NBC
7:00p
The Originals
8:00p
Reign
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld