Fraudulent Ploy in Louisiana

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN
TO:
 Lenders and Schools
DATE:
 October 28, 1998
TOPIC:
 Fraudulent Ploy in Louisiana

 

To assure that your Common Manual remains current, please record this document on your LPM/LPB index, and retain it in Appendix E of your manual.

The Guarantor and Lender Oversight Service (GLOS) of the Dallas Regional Office of the U.S. Department of Education (USDE) has asked us to alert you that an insurance company ploy has resurfaced in our area. In it, insurance salespeople are promising parents a student loan for their child if they buy an insurance policy.

If you hear of such activity, you are asked to report the affected students’ or parents’ names and phone numbers to Mr. Ben McPherson, Dallas Regional Office, USDE, at 214/880-3083.

 

 

Home Page Policy and Procedure Menu
Information Center Menu LPM/LPB Index