Financial Aid

courtesy Andrew Magill at

The University of Texas is warning students to be cautious of emails from private companies that advertise student loans from for-profit lenders.

Those emails may use misleading wording in the subject line that could suggest that they were sent by the university. But the Office of Student Financial Services at UT does not promote or endorse any private lenders, according to spokeswoman Jamie Brown.

She says that even with reputable companies, students should shop carefully.

Image by KUT News

As students and parents struggle to fill out the FAFSA form to pay for college next year, the Better Business Bureau is warning consumers to be wary of some companies offering scholarship or financial aid money. The businesses reportedly claim that they will be able to provide help in securing some scholarships and potential financial aid. Last year, the BBB received nearly 400 complaints nationwide from students and parents by scholarship and financial aid companies.