Beware of Scholarship Scams
There are many businesses who would like to sell you the opportunity for them to search for scholarships for you. They will promise to locate several sources of scholarships for which you may qualify. We discourage paying anyone to search for scholarships on your behalf. Below are scholarship scam warning signs:
The fee. The best rule of thumb: financial aid should never cost you. Never invest anything beyond the cost of a postage stamp in search for scholarships.
The “money-back guarantee” – especially if the company tries to ‘guarantee’ that you will win an award.
Credit card verification – if they ask for a checking account or credit card information for ‘verification’ or to ‘confirm eligibility’, stop listening. Scammers use this ploy to get your financial information and then drain your account or run up charges on your credit card.
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