EL SEGUNDO HERALD June 24, 2021 Page 15
Finance from page 4
from the federal government. The most wellknown
one is the Pell Grant, which offers
subsidies that help students with significant
financial need help pay for college.
With Pell Grants, the amount is dependent
on a student’s expected family contribution,
the cost of attendance, the student’s enrollment
status and whether the student attends for a
full academic year or less.
A lot of students work part-time jobs to
support themselves while attending college.
Many schools will offer on-campus jobs as
a work-study option, which is financed by
government aid and connected to your FAFSA.
If you’ve accomplished the above and
you’re still looking for additional funds, federal
student loans can be a viable option. If
you qualify, you should receive a letter from
your school that details how much money
and the types of loans you can get from the
federal government.
One of the major benefits of federal student
loans in the student’s name is that they come
with a low fixed interest rate and multiple
repayment plans.
While federal loans are a great option, you
may eventually hit the annual borrowing limit,
depending on how much you plan to borrow.
If you do hit that cap, there are ways you
can cover the rest. Private student loans, like
those offered by College Ave Student Loans,
can bridge the gap between the aid you’ve
already received, and the amount you need
to cover the remaining costs.
Every family will follow their own path
when it comes to how they pay for college
and will likely need a variety of sources to
help. That’s why finding payment options that
fit your budget and your child’s future goals
is important. For more information on how to
plan and pay for school, visit collegeavestudentloans.
com. •
Seniors from page 4
per minute, to cybercriminals.
To protect your loved ones from financial
cybercrime, the first step is awareness. What
are the scams?
While fraud can come in many forms,
some criminal schemes are targeted at the
senior population, including:
• Romance scam: Fraudsters present
themselves as potential romantic partners
online to exploit their targets’ desire for
companionship - a desire that has grown
for many who have felt isolated through the
coronavirus pandemic - and eventually get
access to their money.
• Person in need scam: Criminals pretend
to be a loved one (e.g., a grandchild)
in immediate trouble and need of money
right away.
• Investment scam: Outreach with phony
investment opportunities.
• Fraud investigation scam: Criminals
pose as law enforcement officials, asking
for personal information or even money to
help with their investigation.
• Technology scam: Fraudsters appear to
be a technology support team member or
someone from a trusted financial institution
asking for remote access to fix a fabricated
technical or account issue.
Who Are
the Perpetrators?
When we think of fraudsters, we tend to
think of nameless, faceless people sitting
in the dark, halfway around the world. In
reality, a report by the Office of Financial
Protection for Older Americans found that
in 36% of cases, the victim knows the perpetrator
personally.
This is why caregiving should be a group
effort. Bring other loved ones into the conversation,
instead of leaving it in the hands
of just one person. Lean on the financial
institutions you keep your money with to
be an extra set of eyes and ears for you.
For instance, at Charles Schwab, we have
teams dedicated to identifying and dealing
with fraud attempts.
How Can Caregivers Protect
Senior Loved Ones?
For caregivers, if you’re worried about
your loved ones, start with this checklist to
protect them:
• Talk about it. Have a conversation
about common scams. Discuss your loved
ones’ investment goals and attitudes toward
money so that you can recognize irregular
behavior.
• Designate trusted contacts. Make sure
financial institution reps know who to contact
on your loved one’s behalf in the event of
suspected exploitation, fraud or health issues.
• Get organized. Locate and safely store
important financial documents, such as wills,
trusts, powers of attorney, account statements,
insurance policies and beneficiary
designations.
Even After You Put
Things in Place for Your
Loved Ones, Be Vigilant:
• Check in. Regularly review and update
important financial documents.
• Listen. Pay attention to what your loved
ones are saying and listen for worrying key
phrases, such as “people are asking me for
money,” “my bills are confusing to me” and
“I don’t understand financial decisions that
someone else is making for me.”
• Watch. Look out for red-flag behaviors,
including unusual or unexplained financial
activity, abrupt changes to documents, unpaid
bills or mail piling up, new friends or
sweethearts or confused behavior.
For more information on ways to educate
and protect yourself and senior family
members from fraudsters, visit schwab.com/
schwabsafe/security-knowledge-center. •
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Police Reports from page 2
Boulevard.
A grand theft report was taken at 2005
hours from the 700 block of South Pacific
Coast Highway.
Friday, June 18th
A burglary (residential) report was taken
at 1006 hours from the 700 block of West
Mariposa Avenue.
One male adult was arrested at 0110 hours
from West Imperial Highway and Vista Del
Mar for misdemeanor DUI.
Saturday, June 19th
One male adult was detained at 0808
hours in the 200 block of Concord Street and
transported to Exodus Recovery for 72-hour
psychiatric evaluation.
A stolen vehicle was recovered at 1226
hours from the 1800 block of East Sycamore
Avenue. Recovered was a 2016 Chevrolet
Express U-Haul van reported stolen out of
IPD. The suspect was detained and picked
up by IPD.
An attempted auto theft/ vehicle burglary
report was taken at 1425 hours from the 900
block of Cedar Street.
A burglary (commercial) report was taken
at 1457 hours from the 700 block of South
Pacific Coast Highway.
A misdemeanor hit and run report was taken
at 2348 hours from Imperial Avenue and Eucalyptus
Drive, truck versus passenger vehicle.
A robbery report was taken at 0019 hours
from the 500 block of North Pacific Coast
Highway.
One male adult was arrested at 0247 hours
from the 500 block of East Imperial Avenue
for possession of drug paraphernalia.
One male adult was arrested at 0303 hours
from the 500 block of Main Street for misdemeanor
DUI.
Sunday, June 20th
A found property report was taken at 1122
hours from the 100 block of Nevada Street.
A license plate was found and booked for
safekeeping.
A grand theft report was taken at 1159
hours from the 300 block of North Pacific
Coast Highway. Unknown suspect(s) stole the
catalytic converter from the victim’s vehicle.
A misdemeanor hit and run (no injuries)
report was taken at 1735 hours from Main
Street and Pine Avenue, vehicle versus bicyclist.
One male adult was arrested at 1945 hours
from 1 Chapman Way for possession of Methamphetamine
and an outstanding misdemeanor
warrant out of MBPD.
One male adult was arrested at 2206 hours
from Eucalyptus Drive and East Imperial
Avenue for vehicle theft and an outstanding
felony warrant out of LAPD.
One male adult was arrested at 2341 hours
from Pine Avenue and Sierra Place for conspiracy
to commit grand theft and vehicle theft.
One male adult was arrested at 2341 hours
from Pine Avenue and Sierra Place for conspiracy
to commit grand theft.
A found plates report was taken at 2315
hours at Pine Avenue and Sierra Place.
A vandalism graffiti report was taken at 0414
hours from the 300 block of Penn Street. •
“My heroes are those who risk their
lives every day to protect our world and
make it a better place – police, firefighters,
and members of the armed forces.”
– Sidney Sheldon