[Oasfaa] scam? or real deal?

[Terri Downs]

There is also an IFAP announcement dated 3-30-16 regarding 3rd party debt relief services using institutional information and charging students for services that are available for free and what to do about it.

http://ifap.ed.gov/eannouncements/033016ThirdPartydebtreliefcompaniesuseofinstitutionalnameslogosandothertrademar.html



From: oasfaa-bounces at lists.onenet.net [mailto:oasfaa-bounces at lists.onenet.net] On Behalf Of Hancock, Ron
Sent: Monday, April 04, 2016 12:16 PM
To: Isaacs, Becky A.
Cc: oasfaa at lists.onenet.net
Subject: Re: [Oasfaa] scam? or real deal?

The CFPB has been pretty active in pursuing companies engaged in "student loan debt relief." There's often a fine line between what is fraudulent and deceptive versus what is technically legal, albeit not very ethical perhaps. Here's a link to a CFPB post on the topic that may be helpful.

http://www.consumerfinance.gov/blog/consumer-advisory-student-loan-debt-relief-companies-may-cost-you-thousands-of-dollars-and-drive-you-further-into-debt/

-Ron

On Apr 4, 2016, at 12:01 PM, Isaacs, Becky A. <bisaacs at ecok.edu<mailto:bisaacs at ecok.edu>> wrote:
I have seen this before with our schools information.  I have no idea where it is coming from or the company.

Becky Isaacs

Becky Isaacs, M.S.A.
Director of Financial Aid

East Central University
Financial Aid Office
1100 E. 14th Street
Ada, OK 74820
580-559-5242
FAX - 580-436-5612


From: oasfaa-bounces at lists.onenet.net<mailto:oasfaa-bounces at lists.onenet.net> [mailto:oasfaa-bounces at lists.onenet.net] On Behalf Of Jonna Raney
Sent: Monday, April 04, 2016 11:26 AM
To: oasfaa at lists.onenet.net<mailto:oasfaa at lists.onenet.net>
Subject: [Oasfaa] scam? or real deal?

This is an ad that popped up on my daughter's instagram. It is a picture of one of our well known buildings. Has anyone heard of Financial Intelligence Club?

<image001.png>

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Southern Oklahoma Technology Center
Start YOUR 
Success Story
at SOTC!

Terri Downs
Financial Aid Coordinator
Southern Oklahoma Technology Center
2610 Sam Noble Parkway
Ardmore, OK  73401
Email: tdowns at sotc.edu
Tel: 580-224-8235
Web: www.sotc.edu
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