The Banks Have Nothing on These Guys

Hey Scott,

The banks were being questioned recently over their dodgy fees. So why aren’t member-owned companies -- like ASG -- in the same boat? I mean, instead of helping hardworking parents to save for their children’s education, they are taking money through high fees. For example, we invested $5,000 over five years and the balance looks like it is going be around $4,750. How is that supporting children’s education?

Mark

Hi Mark,

You’ve perfectly encapsulated everything I’ve been warning about Australian Scholarships Group (ASG) for the past 11 years. They’re a terrible (not-for-profit?) organisation. I chose your question for no other reason than each time I mention them in the national press, someone in ASG’s marketing department dies a little inside.

Scott