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This question group is public and is used in 43 tests.

Author: ReadingMatters
No. Questions: 3
Created: Dec 15, 2013
Last Modified: 11 years ago

Cause/Effect - Grade 11 (2)

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Need money for college? Doesn't everybody? With tuition bills skyrocketing, and room and board going through the roof, students and their families are looking for creative ways to finance a college education. Unfortunately, in their efforts to pay the bills, many of them are falling prey to scholarship and financial aid scams.

According to the Federal Trade Commission (FTC), the nation's consumer protection agency, unscrupulous companies guarantee or promise scholarships, grants or fantastic financial aid packages. Many use high pressure sales pitches at seminars where you're required to pay immediately or risk losing out on the "opportunity."

Some unscrupulous companies guarantee that they can get scholarships on behalf of students or award them "scholarships" in exchange for an advance fee. Most offer a "money back guarantee" - but attach conditions that make it impossible to get the refund. Others provide nothing for the student's advance fee - not even a list of potential sources; still others tell students they've been selected as "finalists" for awards that require an up-front fee. Sometimes, these companies ask for a student's checking account to "confirm eligibility," then debit the account without the student's consent. Other companies quote only a relatively small "monthly" or "weekly" fee and then ask for authorization to debit your checking account - for an undetermined length of time.

Other companies claim they have programs that could make you eligible to receive financial aid, including grants, loans, work-study and other types of aid. For a processing fee, they'll handle all the paperwork. But experts caution: The only application that will determine eligibility for all programs is the Free Application for Federal Student Aid (FAFSA) - a form you can complete and submit for free.

(source: http://www.consumer.ftc.gov/articles/0082-scholarship-and-financial-aid-scams)
Grade 11 Cause and Effect CCSS: CCRA.R.3, RI.11-12.3
A.
What is the main reason people are taken in by scam scholarships?
  1. They believe they are filling out a FAFSA form.
  2. They are trying to make their money stretch as far as possible.
  3. They know that paying an advance fee is part of the entire process.
  4. They have been told by the government they are eligible for financial aid.
Grade 11 Cause and Effect CCSS: CCRA.R.3, RI.11-12.3
B.
What is the most likely outcome of providing a student's checking account information to an unfamiliar company?
  1. The student will not get the full scholarship as promised.
  2. The student will only receive a very limited list of potential sources.
  3. The student will find a number of unauthorized debits on the bank account.
  4. The student will not get accepted into the top colleges of his or her choice.
Grade 11 Cause and Effect CCSS: CCRA.R.3, RI.11-12.3
C.
What are some families told at scholarship seminars in order to get them to cooperate?
  1. They must sign up immediately or miss their chance.
  2. They have to file a FAFSA form before being considered.
  3. They have to agree to a monthly payment to qualify.
  4. They have an ironclad money-back guarantee for everyone.