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Fastweb.com reviews.Is Fastweb.Com a legitimate search service?
A review of Fastweb.Com
This editorial discusses the Fastweb.com scholarship search service. In a nutshell, the FastWeb.Com Scholarship site is a Scholarship matching service. However, FastWeb has also morphed into sponsoring scholarships. FastWeb claims to have a database of 1.5 million scholarships. Using the old-fashioned technology of email, FastWeb delivers Alerts straight to a student's inbox vs. digital Scholarship Alerts, which arrive via text. How many people carry around their laptop or desktop? Not many. Regardless, FastWeb is a scholarship search service that deserves a detailed review.
The distrustful main-stream media is infatuated with one particular source of scholarships, grants, and financial-aid: the FastWeb scholarship search service. Virtually 30 days barely goes without the media hunting down and scowering the earth to get the so-called &@34expert" opinion of one of the founders of the Fastweb Scholarship Search Service. Having relatives employed in the FTC helps and provides protection against allegations of improper conduct, and ensures media access and governmental connections.
This report concerns the quality, credibility, integrity, and legitimacy of the Fastweb scholarship search service amongst its peers in the scholarship search service industry, as well as how the FastWeb Search service markets it scholarship search services. We will conduct a detailed review of all major scholarship search service companies, and post our reviews without charge on this website. The reviews will be available in both text and audio format.
FastWeb.Com Review: Is the Scholarship Search service legitimate?
In order to complete a review of FastWeb, it is necessary to discuss the history, origins, the founders, and the early beginnings of FastWeb. We believe that students should know a little something about the scholarship products they are using.
A true discussion of Fastweb cannot be completed unless we also discuss the controverial, and self-proclaimed "Financial-aid Expert", Mark Kantrowitz. Let's dive into the discussion.
To prepare this report, and to ensure that consumers and media analysts understand the nature and scope of this Fastweb media report, it is important that readers understand not only the current scholarship search services that Fastweb certainly offers, but that consumers clearly understand the historical facts surrouding the creation, marketing, partnerships, associated with the Fastweb scholarship search services, and why FastWeb sticks out amongst scholarship search service companies with its extreme political overtones, lottery-style scholarships, and its hip-and-joint relationship with the controversial Mark Kantrowitz.
Fastweb.com Reviews: History, Founding, and Creation of FastWeb Scholarship Search Service.
FinAid Page, Inc. and Fastweb were created at virtually the same time.
Fastweb.com Review: Formation of FastWeb Scholarship Search Service
Likewise, FinAid Page, Inc., was formed on July 2, 1996, barely 60 days prior to the formation of FastWEB.com, L.L.C. It is a huge coincidence that two different companies formed in two different states at nearly the same time eventually become so entertwined together.
Over a span of 15 years, FastWeb has alternately claimed ownership by Student Services, Inc., Fast Web Inc., and FastWeb LLC.
In or about 1996, Student Services, Inc., placed an ad seeking advertisers for the FastWeb website on a site that matched content publishers with potential advertisers.
Before the formality of ad-serving networks, there was a company called Jupiter Communications. Jupiter Communications matched the bidding of publishers with potential advertisers. Under Student Services, Inc., FastWEB placed advertising inquiries claiming that it was the "the industry leader in the scholarship search service business."
Google, Inc. did not exist at the time, and it was easy for companies to make boisterous claims with very little statistics to substantiate their claims.
Barely a week after incorporating on July 9, 1996, Mark Kantrowitz "announced an agreement under which NASFAA (National Associaton of Student Financial-Aid Administrators) will sponsor FinAid for at least the next two years." In the same press release, Kantrowitz stated that he is "owner of FinAid" At the same time, Kantrowitz announced that he "helped NASFAA set up its public World Wide Web site.".
Although his "office" was nothing more than a student dorm on the campus of the Carnegie Mellon University campus, Mark Kantrowitz was able to secure a prominent relationship not only with NASFAA, but also with the *U.S. Department of Education, and the *Federal Trade Commission. (*In case the reader does not know, The U.S. Department of Education and the FTC are branches of the U.S. federal government.) This was an amazing feat for a person who:
In 1996, FastWeb claimed that it was affiliated with "over 300 colleges and universities." Nearly 100% of these colleges and universities were also members of NASFAA, which would early on become the chief sponsor of the Mark Kantrowitz FinAid page; the FinAid Page provided the vast traffic referrals to FastWeb.
While FastWeb was touting its credentials to potential advertisers, Kantrowitz was onboard also. He was claiming that the FastWEB is "The Intemet's largest free scholarship search!" service.
During this marketing blitz of self-promotions, and co-promotion of FastWeb and Kantrowitz, Mark Kantrowitz was hitting the media circuit and blasting companies that poised a financial challenge to the student loan companies that were featured advertisers on the FastWeb site. His targets were fee-charging scholarship sponsors, whose only apparent 'crime' was their audacity to solicit an administrative, application, or processing fee for the services they rendered in the administration of merit-based awards.
Regardless of the labor, expense, fuel, wages, and etc., FastWeb and Kantrowitz proclaimed such fees as unnecessary, and were even representative of a scam. It would take at least 10 years before a single U.S. Government employee, the N.Y. Attorney General, finally figured out something that this Publisher had first remarked about in 1996.
Why would a person sponsored by NASFAA, and who accepted advertising fees from student loan companies, and who had no direct association with the administration or management of scholarship programs, be willing to so publicly attack the legality of assessing fees for services rendered WHEN the end-product poised a coincidental challenge to expensive, high-interest, student loans?
Growth of FastWeb Scholaship Search Service
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