Scholarship Scams Tips10 Scam Warning Signs1. FEES: Scammers use bogus fees such as "application," "disbursement," "redemption," and "processing fees" as a way to take your money. Scholarships should NOT require any fees. Check out the free search at www.fastweb.com
2.CREDIT CARD OR BANK ACCOUNT INFORMATION NEEDED: Never give credit card or bank account info to receive aid. If you have, call your bank or bank or credit card issuer immediately.
3. SCHOLARSHIP GUARANTEE: No one controls judges' decisions. Be wary of "high success rates," which often refer to award matches, not award winners.
4. NO WORK INVOLVED: Legitimate scholarship applications require time and energy. No one can complete them for you.
5. NO CONTACT INFORMATION: Before you apply, confirm the sponsor's contact information. The sponsor should apply a valid email address, phone number or mailing address (not a PO box) upon request.
6. UNSOLICITED SCHOLARSHIPS: If you are called to receive an award for which you never applied, be alert. Ask where the sponsor got your name and number. Then follow up.
7. PRESSURE TACTICS: Don't allow yourself to be pressured into applying for a scholarship, especially if the sponsor is asking you to pay money up front.
8. CLAIMS OF "EXCLUSIVE" SCHOLARSHIPS: Legitimate sponsors won't restrict knowledge about their award to a single service.
9. AN OFFICIAL SOUNDING NAME OR ENDORSEMENT DOESN'T AUTOMATICALLY MEAN LEGITIMACY: A sponsor may use words like "national," "education" or "federal" or have an official looking seal, but might still be a scammer.10. YOUR QUESTIONS AREN'T ANSWERED DIRECTLY: Can't get a straight answer from a sponsor regarding their application, what will be done with your information (e.g., if it will be sent to a third party) or other questions?
Proceed with caution.
Information taken from www.fastweb.com