February 15, 2008, Newsletter Issue #55: Student Loan Scams

Tip of the Week

Unfortunately, there are always people who prey on the weak and vulnerable. This also applies to those who will take advantage of students who are desperate for money to pay for college. If someone tells you they can guarantee that can get you a student loan regardless of your credit, do a little research with the Federal Trade Commission or Better Business Bureau first to make sure they are legitimate. Never pay someone a fee to help you find a lender willing to make you a bad credit private student loan. These are usually scams that may further destroy a borrower’s credit history and potentially even bury you in debt.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Student Loan Tip Site? Request a Tip Now!

Guru Spotlight
Jennifer Mathes, Ph.D.
Buy My Book