Scam or Good Deal on this form from Student Financial Resource Center?
- JuanaqueñaLv 79 years agoFavorite Answer
Please read the information in these online articles about the Student Financial Resource Center:
Any potential or continuing college or university student should be able to obtain good student financial aid advice & direction from either a high school counselor or a financial aid adviser at a college/univ. the student wishes to attend or is already attending. The student should not have to pay for student financial aid advice/help.
Also, a reference librarian at your local public library can prove helpful in finding you the right student financial aid info and advice. I have done such work for students at my public library countless times. This is a free, reputable service & your/your parents' tax dollars at work!
To get you started, I recommend you visit your local public library & ask a librarian to help you find these books to check out and read through for good advice & answers:
Title: Debt-free U : how I paid for an outstanding college education without loans, scholarships, or mooching off my parents
Author: Zac Bissonnette
Publisher: New York: Portfolio/Penguin, 2010
Title: IOU No More: A Quick Start Guide for Becoming Debt Free and Living Debt Free Forever
Author: Sam Burton
Publisher: Xulon Press , 2007
Title: Peterson's how to get money for college: financing your future beyond federal aid, 2011
Publisher: Lawrenceville, N.J. : Peterson's, 2010
This is updated and published annually.
Title: The College Solution: A Guide for Everyone Looking for the Right School at the Right Price (2nd edition)
Author: Lynn O'Shaughnessy
Publisher: FT Press (will be published May, 2012 - if your library has it on order, you can place a "hold" on it so you may check it out when it is added to the library collection)
Added: For guidance in finding scholarships for which you may be eligible and for which you may want to apply, see this previously answered Y!A question:
and this one:
Librarians--Ask Us, We Answer!
Find your local Public Library at:
Find your College/University Library at:
Best wishesSource(s): Former college administrator + Reference/information librarian
- Anonymous4 years ago
Xulon Press Author CenterSource(s): https://shrinks.im/a92Kx
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- 6 years ago
You all keep talking about fafsa ,but that doesn't show individual places that give grants and scholarships. The company only claims to help with finding money that does not have to be paid back. Fafsa grants are a max of $5000 per stufent per year. The rest they offer is loans. So FAFSA is not a real help either. What I am wondering is if you pay the company to do all the legwork of finding scholarships and grants and getting approved for them? I would pay $65 for that. It takes a lot of time to find scholarships and apply for them. My son spent an hour every day applying for scholarships and didn't get 1. The government gave him his $5000 for the year and offered him a bunch of loans. He had to beg his college to give him more scholarships and grants. He still pays out $8000 a year of a $42,000 a year tuition. Mind you,we make $50,000 a year and have 2 other children. He graduated in the top 10% of his class and only took pre-ap and ap classes.
- 7 years ago
I received a letter and application from Student Financial Resource Center and it looks like a scam. They make you pay $65 or they will not accept your application. I have attended college before and have never had to pay to receive financial aid. The applications have always been free.
Also, I have never even heard of this place before and I received the letter and application. I have never received a financial aid application without requesting it or my high school or college sending it.
The fact that I had never heard of them yet received the application and that they are charging to process the application makes it seem like a scam. I wouldn't fill out the info or send any money. There are plenty of free resources for finding financial aid info. High schools and colleges usually will provide the info upon request for free.
They have a C rating on the BBB site and aren't accredited, so that does not sound too good either. Doesn't seem like a good idea to send info/money
- 7 years ago
I too received a letter from the Student Financial Resource Center. My perception is that this was written to look like it was sent from a legitimate governmental agency, with an official government-looking seal. Section V on the form requests a cash payment. This was the first signal to me that the letter was not from a governmental agency. My daughter's high school and all colleges we looked at have told us to stay away from any "agency" that requests money to secure financial aid. FASFA is the government form for financial aid and it does not cost a cent to apply. In addition, your high school and colleges you are looking at should be able to point you in the right direction for financial aid and for legitimate scholarships.
My advice, if you're looking for financial aid, get direction from your high school, not from a mailer you receive.
- 7 years ago
Scam scam scam. Never pay for financial aid advice. Go to fafsa.gov.
- Anonymous7 years ago
The form is a scam. It tricks current college students into paying a fee for financial aid. Students can apply for financial aid for free; there are no strings attached.
Read more about this scam from the following article:
- 6 years ago
This is a huge scam. DO NOT PAY any money.