Is Your Financial Aid Foolproof? (Business Week)

Abstract

“Who can you trust these days? Financial aid officers – often viewed as the most reliable, trustworthy sources when it comes to finding the best lender for college loans – have recently come under scrutiny for their nebulous relationships with lenders,” reports Business Week. “Still, experts in college financial aid say that regardless of the perceived preferred lender conflicts arising from the recent disclosures, a school’s financial aid office is the first place to go when investigating college loans. Justin Draeger, spokesman for the National Association of Student Financial Aid Administrators, said borrowers should be sure they are getting all the free aid they can from schools before turning to outside lenders – a move that might then make them ineligible for certain aid.”

You can read the complete April 11, 2007 Business Week article on-line.