Better Business Bureau warns of student loan scams

4 years 2 days 9 hours ago Thursday, April 23 2015 Apr 23, 2015 Thursday, April 23, 2015 4:19:00 AM CDT April 23, 2015 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
COLUMBIA - Beulah Ralph Elementary School has found its new principal. According to a news release from Columbia Public... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:28:00 PM CDT April 23, 2019 in News
COLUMBIA - A donation of 7.81 acres of land was given to the Columbia Parks and Recreation department by MBS... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:10:00 PM CDT April 23, 2019 in News
JEFFERSON CITY - A Missouri senator described a bill to limit prescription of opioids by dentists as "another tool we... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 3:40:00 PM CDT April 23, 2019 in News
KANSAS CITY (AP) — Tax preparer H&R Block says its co-founder, Henry Bloch, has died at the age of 96.... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 3:03:00 PM CDT April 23, 2019 in News
JEFFERSON CITY - Nathan Schelp is an 11-year-old with an unknown genetic disorder. On Tuesday, he testified in front of... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 2:44:00 PM CDT April 23, 2019 in Top Stories
JEFFERSON CITY - A Jefferson City man facing the death penalty for the murder of his ex-lover appealed his sentence... More >>
2 days ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 9:48:00 AM CDT April 23, 2019 in News
COLUMBIA - The Mayor's Task Force on Climate Action and Adaptation Planning released its draft with top actions for addressing climate... More >>
2 days ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 9:41:00 AM CDT April 23, 2019 in News
COLUMBIA - A postdoctoral fellow of the University of Missouri Sinclair School of Nursing has developed a model to help... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 11:00:00 PM CDT April 22, 2019 in News
COLUMBIA - Battle High School senior Taylor Reed is the first girl to go to college as a woman wrestler... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 11:00:00 PM CDT April 22, 2019 in News
COLUMBIA - The owner of Arch and Column Pub said if the cases before the Supreme Court fail, it will... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 10:22:00 PM CDT April 22, 2019 in News
COLUMBIA – Race Matters, Friends is celebrating the one-month anniversary of its bail fund, which covers bonds for some people... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 8:03:00 PM CDT April 22, 2019 in News
COLUMBIA - The Mayor's Task Force on Climate Action and Adaptation Planning released their draft plan Monday night at the... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 7:46:00 PM CDT April 22, 2019 in Continuous News
JEFFERSON CITY - Friends and family gathered Monday to see 87 people become United States citizens. The United States... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 6:21:00 PM CDT April 22, 2019 in News
MOBERLY - People in one Moberly neighborhood say they feel safe following someone fired a gun over the weekend. ... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 3:33:00 PM CDT April 22, 2019 in News
COLUMBIA - New census data shows, while Missouri’s population increased slightly last year compared to 2017, more than 52 counties... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 3:08:00 PM CDT April 22, 2019 in News
CLAYTON (AP) — A law enforcement veteran of three decades will take over as interim director of the department that... More >>
2 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 3:07:00 PM CDT April 22, 2019 in News
COLUMBIA - A man accused in the 2017 death of Leon Wilder in Audrain County pleaded guilty Monday ahead of... More >>
3 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 12:01:37 PM CDT April 22, 2019 in News
COLUMBIA - Police responded to a report of shots fired on Boyd Lane late Sunday night. The Columbia Police... More >>
3 days ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 12:08:00 AM CDT April 22, 2019 in News
Columbia, MO
Broken Clouds 62°
1pm 64°
2pm 67°
3pm 69°
4pm 70°