Warning About “College Financial Advisory”

A company called College Financial Advisory in San Diego is sending email notifications to students and parents requesting a $59 check in order to process financial aid for the 2010-11 academic year.   This is NOT a request from the Department of Education or from Allegheny College.   The company is using a logo that looks very much like the U.S. Department of Education logo, emails a “report” that looks very much like the FAFSA Student Aid Report, is using a telephone number very similar to FSA’s toll free number, and is using terminology (such as the “Student Aid Profile Form”) that is very misleading.   Students and parents are NOT required to pay a fee for financial aid processing and should disregard any correspondence they receive from this company.