Wednesday, February 10, 2010

Education

College Cash 101 by Kim Clark

6 Scams That Target College Students

October 13, 2009 03:56 PM ET | Kim Clark | Permanent Link | Print

Reader Comments

Thanks for the warnings

I haven't yet had to take out student loans, but soon I'll be off to a university that is quite a bit more expensive than Community College.

I'll have to be careful about signing for loans and never getting the money otherwise I may end up like you were saying, especially since it looks like Democrats are going to be in charge for a while.

Guaranteed Government Slavery

Sad,Sad,Sad...

NCLEX pn

i have some doubts in my mind regarding the authenticity of this collections agency that sent out letters to Bucknell students. Whether who granted them the authority to demand money to students' against the alleged illegal downloads.

Please reply

Textbook Scams

Over the years, publishers have burdened the student budget by placing exorbitant prices on academic textbooks. Students thus look for alternative means such as buying used textbooks to save money. However, students are often indirectly discouraged from buying used books by professors who request the latest editions of textbooks to go with their course. Every year publishers make nominal changes to their books and call them new editions; although the information is practically the same as the previous edition, small changes in format and wording make it the latest and "better" edition. In any case, many students are deceived into buying newer editions at high prices than older editions at modest prices. They educational system is flawed and the board of education (whomever they may be) do not seem to be protecting students against publisher scams.

Guaranteed Government Slavery

Dodgy student loans should include Federally guaranteed loans signed for but never received by the student. Please beware, signers of notes have been confronted decades later and payment demanded on the basis of signed notes only.

This has only come to the attention of the alleged debtors after last years stimulus payments were intercepted, and to their surprise notified for payment due on these decades old notes. These alleged debtors now have the burden of proof of proving their innocence. This is highly unlikely because in many cases these notes are over thirty years old and the players receiving the proceeds on the notes are long gone along with their records. These criminals are protected by the statute of limitations, but not the innocent students. The bright minds in Washington retroactively eliminated any statute of limitations against the students. These students will forever be in debt with no chance of escape because the politically motivated legislators are more concerned with enriching their friends at Sally Mae. Who is going to believe the student? The amounts in penalties and interest are unlimited because the IRS has the power to enforce it. It makes you wonder how an IRS enforced health care plan will play out for students that can't afford to buy the required plan.

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Kim Clark, senior writer for U.S. News & World Report, used loans, scholarships, grants, fellowships, savings, earnings, and generous contributions from her family (thanks, Mom, Dad, Grandpa and Grandma!) to fund study at four different universities. She even managed to graduate from two of them. She’s been researching and writing about the best ways to raise college cash for five years. If you’re panicked about paying for college, e-mail questions to collegecash@usnews.com.

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