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Showing posts with label fraud. Show all posts
Showing posts with label fraud. Show all posts

Tuesday, October 21, 2008

Fraud of the SAT Cottage Industry

Have any of you watched the new NAAS-NEWS video called "Fraud of the SAT Cottage Industry. ?

It is a great video. The video deals with the SAT cottage industry. Millions of dollars each year are being made by The College Board, and members of the National Association of Student Financial Aid Administrators (NASFAA; their alphabet-related pet dog, NACAC, is run by Valerie Williams.

Experts, news media, and many persons, consider the SAT test to be an untrue indicator of potential success. In fact, the SAT test has been accused of being racist, unfair, and unnecessary. Yet, over many years, many member colleges and universities of NASFAA have required that students take the test. This collaboration of NASFAA/NACAC members has provided fertile ground for fraud, and immense profits.

Students and parents should not be forced to take the SAT test. Also, NASFAA and The College Board both have ties dating back to 1996 with federal informant Mark Kantrowitz. Kantrowitz fed bogus information to the DOJ, USPS, and the FTC. His business of deceit ("financial-aid expert", and false "Reliability Reports") and evasion was sponsored by NASFAA.

Several years later, the N.Y. Attorney General busted many members of NASFAA for the student-loan fraud crisis. This proves you cannot trust a counselor who is a member of NASFAA/NACAC. Many news-reporters continue to quote Kantrwitz but do not disclose his background and work as a federal informant.

NAAS-NEWS is an independent news division subsidiary of National Academy of American Scholars. The views and comments of subscribers do not necessarily reflect the views or opinions of NAAS-NEWS or National Academy of American Scholars (NAAS). We welcome video content from paid subscribers or free videos from the YouTube community. NAAS is a private organization that features a subscription service for access to special news, and private merit-based awards for eligible high school seniors and college students.