NSC Scholarship 2015-2016
The 2015-16 NSC Scholarship Application is now closed. The application for 2016-17
will open December 15, 2015.
For additional scholarship opportunities, please visit our External Scholarships page.
Beginning January 1, 2015, you can file your 2015-16 FAFSA at http://www.fafsa.gov/.
Military Student Loan Benefits
If you are a member of the US Armed Forces, please click here
for student loan information and additional sources available to you. For additional
scholarship opportunities, please visit our External Scholarships
Student Loan Scams
Beware: Student Loan Scams Victimizing Students And Graduates
"With most Federal and private student loans, borrowers get a six month grace period
before their first payment is due. It s during this time that scammers try to take
advantage of unsuspecting student loan borrowers, and borrowers need to know what
to expect," Forbes reports.
"...The most common student loan scam that has been hitting recent graduates is the
student loan consolidation scam. ... Some scammers even tell you that you can lower
The student loan consolidation scam typically involves a company offering to consolidate
your student loans for a fee (a processing fee, administrative fee, or consolidation
fee). In exchange for paying the fee, the company will consolidate your loans. ...
Advanced fee scams are another student loan scam victimizing borrowers across the
country. This scam involves a company offering to lower the interest rate on your
student loan in exchange for a fee up front. They will typically ask for the fee in
exchange for them negotiating on your behalf with your student loan servicer.
To get you to sign up, they will typically highlight other clients that they were
able to do this successfully with, and show you how much you could possibly save.
Finally, there are companies that are convincing student loan borrowers that they
can help you eliminate your student loan debt. This is a complete scam, that is usually
a sub-segment of the advanced fee scam. These companies will typically ask for money
up front to help negotiate the settlement of your student loans (similar to what you
see with credit card debt relief companies)."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial
aid to help members stay up to date with the latest news. Inclusion in Today's News
does not imply endorsement of the material or guarantee the accuracy of information
Publication Date: 6/11/2014