Better Business Bureau warns of student loan scams

4 years 6 months 3 weeks 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
JEFFERSON CITY — An out-of-control kitchen fire in Jefferson City damaged an apartment Monday evening. The Jefferson City Fire... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 10:48:00 PM CST November 11, 2019 in News
PARIS, Mo. — A veteran of three wars is one of 108 mid- Missouri veterans who are visiting their memorials... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 10:13:00 PM CST November 11, 2019 in News
COLUMBIA - The Columbia Public Schools’ Board of Education unanimously approved its 2020-2021 calendar Monday night, aligning with a house... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 8:13:00 PM CST November 11, 2019 in News
CALIFORNIA - Winter weather has hit Missouri and the cold weather is not leaving the state soon. People are continuing... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 6:35:00 PM CST November 11, 2019 in News
COLUMBIA - Finding reason for optimism in a shut out is not easy. But true freshman quarterback Connor Bazelak provided... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 6:00:00 PM CST November 11, 2019 in News
COLUMBIA - The Truman VA Hospital initiated a Warm Haven program to help shelter veterans overnight as community shelters are... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 5:58:00 PM CST November 11, 2019 in News
COLUMBIA - MU students, faculty and military honored fallen Missouri student veterans in the annual wreath laying ceremony Monday. ... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 5:42:00 PM CST November 11, 2019 in News
COLUMBIA- Some help is coming for Columbia's homeless students. Veterans United Foundation and Columbia Public Schools have partnered to... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 3:20:00 PM CST November 11, 2019 in News
CAMDEN COUNTY - Deputies found two people dead at a home Sunday at the Lake of the Ozarks, according to... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 2:22:00 PM CST November 11, 2019 in News
COLUMBIA - Columbia's Center for Urban Agriculture celebrated its new partnership with Truman Memorial Veterans' Hospital with a ribbon cutting... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 2:12:00 PM CST November 11, 2019 in News
COLUMBIA - Main mid-Missouri roads continue to be slick, while less-traveled roads are covered with snow but passable. Just... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 1:28:00 PM CST November 11, 2019 in News
SUNRISE BEACH (AP) — Authorities say a man has drowned in the Lake of the Ozarks. The Missouri State... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 12:30:32 PM CST November 11, 2019 in News
COLUMBIA - Snow, cold weather and some slicks roads prompted scattered closings around mid-Missouri on Monday. The list of... More >>
1 day ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 10:20:00 AM CST November 11, 2019 in News
LINN COUNTY — The North Missouri Arts council will conclude its Veterans Day celebration with a special ceremony Monday. ... More >>
2 days ago Monday, November 11 2019 Nov 11, 2019 Monday, November 11, 2019 3:30:00 AM CST November 11, 2019 in News
CENTRALIA — Many girls dream of getting a horse one day. For Gracie Smith, that dream came true today, thanks... More >>
2 days ago Sunday, November 10 2019 Nov 10, 2019 Sunday, November 10, 2019 8:43:00 PM CST November 10, 2019 in News
UPDATED FORECAST from the Live Doppler 8 First Alert Weather Team is updated multiple times every day and night so... More >>
2 days ago Sunday, November 10 2019 Nov 10, 2019 Sunday, November 10, 2019 7:18:00 PM CST November 10, 2019 in Weather
JEFFERSON CITY - Trees and wreaths filled the halls and rooms of the Goldschmidt Cancer Center Sunday afternoon. The Capital... More >>
2 days ago Sunday, November 10 2019 Nov 10, 2019 Sunday, November 10, 2019 7:17:00 PM CST November 10, 2019 in News
COLUMBIA – Navigating Missouri’s lettered supplemental route system can sometimes feel like trying to navigate a jumbled mess. Instead... More >>
2 days ago Sunday, November 10 2019 Nov 10, 2019 Sunday, November 10, 2019 4:50:00 PM CST November 10, 2019 in News
Columbia, MO
Broken Clouds 21°
9am 27°
10am 31°
11am 34°
12pm 38°