Get Wise to These Common (and Costly) Student Aid Scams

In this new school year, parents of high schoolers face an age-old problem: how to pay for college. Considering that the bulk of available student aid is in the form of loans — currently, more than $1.3 trillion in sometimes crushing student debt is owed by 44 million U.S. borrowers — many turn a hopeful eye to snagging scholarships and grants that don’t have to be repaid … only to get blindsided. Each year, some 350,000 students and tab-footing parents …

IRS: Identity Theft on Business Tax Returns Soaring

While tax-related identity theft against individual taxpayers is on the downswing, fraudsters have increased efforts on another front to obtain illicit refunds: Stealing identities of legitimate American companies to file bogus business tax returns. In the first five months of this year, the Internal Revenue Service flagged some 10,000 business returns for suspected tax-related identity theft – a 250 percent increase from the 4,000 cases in all of 2016 and 2,757 percent uptick from 350 suspected cases in 2015. The …

What to Know About the Top Summer Scams

As temperatures rise, so do certain scams. Here’s how to avoid getting burned in summer’s most common cons. Home repairs Conning contractors typically come to your home unexpectedly, offering steep discounts on driveway resurfacing, roof work, tree trimming or other “necessary” repairs they happen to see while driving by or soliciting business door-to-door. Most seek an upfront payment to “go buy materials” and then disappear. Others do fast and faulty repairs (like spreading used motor oil to coat driveways) or …