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Scams of Phony Financial-Aid Experts
Scams of Phony Financial-Aid Experts
Hello. My name is Ron Thomas. I am a guest author for the Scholarship Blog. I would like to share with you some information about one of the most pervasive financial-aid scams that exist in the U.S.A. It relies upon the use of so-called Financial-Aid Experts. It is one of the most lucrative financial-aid scams in the country. Persons promoting themselves as financial-aid experts partner with members of the U.S. media to generate huge profits. Sometimes the estimated profit is at least $200,000 per year or can be in the millions of dollars depending upon how manu print reporters participate with the phony financial-aid expert. These estimates are based upon independent reports related to traffic reports, and average lead follow-throughs, and typical web data.
Here is a brief summary of how one component of the financial-aid expert scam seems to work: The corrupt main-stream media reporter works in conjunction with so-called nationally-recognized financial-aid experts. A corrupt U.S. main-stream reporter quotes the phony financial-aid expert, builds up the financial-aid critic by repeatedly referring to him/her as a 'Financial-Aid Expert' and refers students and parents to his/her website, scholarship search service, or financial-aid books. This generates monetized traffic to the financial-aid expert. In return, the U.S. media print reporter receives a kickback of the income generated by the phony financial-aid critic. If the phony financial-aid critic is hustling a financial-aid book, then the reporter will often share in the income proceeds. There are other components, but we just wanted to highlight the most pervasive of the financial-aid expert scams. None of these deals are disclosed to the public.
>Many Reporters Do not Disclose Financial or Money Relationships with Financial-aid Experts.
Parents and students are not directly impacted, other than the fact that the scholarship search service associated with the alleged financial-aid expert typically sells the personal data of the student or adult using the scholarship search service to a third-party connected to a member of National Association of Student Financial-Aid Administrators, or to a member of the National Scholarship Provider's Association. The reporter is not providing the consumer honest services because the reporter does not disclose the details why the phony financial-aid critic is referred to as a Financial-aid expert, or the source of income that is paid to the reporter.
Claims of Financial-Aid Expert Needs to be Verified and Licensed.
The fact that the phony financial-aid expert claims to be a financial-aid expert, or is quited by numerous media sources does not mean that the phony financial-aid expert is a legitimate financial-aid expert. We have developed these questions for you to ask any U.S. reporter that claims he/she is citing or using a so-called financial-aid expert in an article. As a general rule of thumb, any person claiming to be an 'Financial-Aid Expert' is not an expert unless he/she is licensed by U.S. Stock exchange, or a federal or state agency. Use of the title 'Financial-aid Expert' without government certification is a violation of section F of the FTC Act. However, if the 'Financial-aid expert' was a government informant, and the title was created for the benefit of the government, the FTC overlooks this crime.
Warning Signs of Phony Financial-Aid Experts
Main-stream media publications that use or cite phony, suspicious, or illegitimate Financial-Aid Experts
If any main-stream U.S. reporter employed by the Wall Street Journal, New York Times, USA Today, MSN, CNN, NBC, ABC, CBS, CNBC, Bloomberg, The Kansas City Star, Pittsburgh Post Gazette, Money Magazine, SmartMoney, Kiplinger's Personal Finance Magazine, US News & World Report, Consumer Reports, Newsweek, Bankrate.com, Boston Globe, Chicago Tribune, Chronicle of Higher Education, Los Angeles Times, San Francisco Chronicle, Washington Post, Reuters and the Associated Press, and others fails, refuses, hesitates, or pauses to answer any of the aforementioned questions, and provide evidence in support thereof, then you should consider their claims of the subject person as a Financial-Aid Expert to be false, untruthful, and/or a deliberate lie. In fact, it is more likely that the male subject is simply a government informant, financial partner of the reporter, or a skilled self-promotion artist whose goal is to generate profit via a book deal, or his employer.
School Districts in the U.S.A. and many educators use a false Financial-Aid Expert as a source
Who likes to be force fed? Only babies accept to be force fed. When your educator, or teacher cites financial-aid articles from THEIR financial-aid role model (a person who worked as a govenment informant that snitched on students) then you do not have to accept their choice or the media's choice.
These newspapers and print publications have been known to use so-called Financial-aid Experts that are suspicious in origin, and who fail several red-flags concerning his authenticity. The Kansas City Star, Pittsburgh Post Gazette, Money Magazine, SmartMoney, Kiplinger's Personal Finance Magazine, US News & World Report, Consumer Reports, Newsweek, Bankrate.com, Boston Globe, Chicago Tribune, Chronicle of Higher Education, Los Angeles Times, San Francisco Chronicle, Washington Post, Reuters and the Associated Press, and others should be viewed with caution when they fetch their 'Financial-aid Expert' out of his dog house for a reference.
If you, as a parent, student, or mom would like to verify or question the claims of a U.S. reporters that uses a suspicious financial-aid expert as a source then simply cite this report, ask the printed questions above, or email me. If the reporter fails, refuses, hesitates, or pauses to answer any of the aforementioned questions, and does not provide evidence in support of their claims that the person they claim is a financial-aid expert, then you should consider their claims of the male subject as a Financial-Aid Expert to be false, untruthful, and a deliberate lie. In fact, it is more likely that the reporter is sharing profits with the same person claimed to be a financial-aid expert, and that the principal goal of the self-promotion artist is to generate profit via a book deal, or for his employer.
Articles that Discuss Alleged Financial-Aid Experts
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Last Updated: Saturday, October 01st 2016, 9:26:57:AM MDT
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