Political Quotes

“I rise in support of S. 1455. Mr. Speaker, as we are all aware, the cost of a college education is becoming increasingly high, causing more and more students to seek some type of financial assistance. Fortunately there are a number of private and Federal scholarship opportunities available to needy and deserving students. However, some unscrupulous companies are making money off unsuspecting students and their families by imitating legitimate government agencies and grant-giving foundations. Often these fraudulent companies guarantee scholarships in exchange for an advanced fee. Other times they trick students into divulging their checking account numbers and access their accounts without their consent. Whatever the particular scheme, more than 350,000 students and their families lose over $5 million to scholarship fraud every year. To address this growing problem, in 1996 the Federal Trade Commission launched Project Scholarscam, a joint law enforcement and consumer education effort aimed at purveyors of fraudulent scholarship services.”