People have been asking about a letter they received stating that an appointment has been set for them to discuss financial aid assistance. These companies are not endorsed by Madill Public SchoolsThese days, you’re lucky if you can get through college without taking out a loan. But you can end up in a mess if you go to the wrong people for it. The main, legit source, which should always be your starting point is the Free Application for Federal Student Aid or FAFSA. Note the “Free” in that title. Be aware that other organizations use “FAFSA” in their names or services, offering to help you file your claim — for a fee. Again, it’s perfectly legal for them to do so, but why pay? And note that, as in the commercial world, there are plenty of people prepared to lend you money at different rates (including “payday loan” types of firms), some of which are astronomical. There have even been reports of some less reputable colleges taking kickbacks from lenders for steering students their way. This is an area where doing your research definitely pays off. Start with the FAFSA site, talk to your bank or check out reputable independent research sites like FindTuition.com mentioned above or speak to Mandy Clement our HS counselor. Another financial area to do your research and be cautious is the specialist field of student insurance. When you’re away from home, you may not be protected on the insurance policies that cover your parent’s (or main) home. But you’d be well advised to speak to your existing company or a local insurance agency before being targeted by someone supposedly selling costly or bogus student insurance on campus. |