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 …