It’s one of the most exciting times in a young adult’s life – the chance to go off to college on their own. Students put a lot of thought into choosing the right school, then begin to look for ways to pay for and afford college. After all, the latest statistics show that it costs on average of $173, 282 for a four-year degree at a private university.
Unfortunately, this exciting time can turn into a nightmare for students, and their parents, if they’re caught up in one of the many college scholarship or student financial aid scams that are happening now. In fact, according to FinAid, consumers lose about $100 million each year to financial aid fraudsters.