Source: American Bankers Association

College costs are rising. Looking for a loan? You’re not alone.

• 84% is lost in scholarship scams every year
• 66% of first-year students receive financial aid of students apply using Free Application for Federal Student Aid (FAFSA)

Be wary of the information you share, and where.

• Over $100 MILLION is lost in scholarship scams every year
• 53% of students who try to get a private loan have reported receiving fraudulent loans Report Scholarship Scams. Source: FTC

Protect Yourself

• Never share FAFSA information
• Only solicit loans from companies identified by the Department of Education
• Never pay to apply for college scholarships

Report Scholarship Scams

• Federal Trade Commission reportfraud.ftc.gov
• U.S. Department of Education oig.ed.gov/oig-hotline
• Federal Student Aid Information Center (FAFSA) studentaid.gov/feedback-center