SCHOLARSHIPS

SCHOLARSHIP SCAMS

Every student should guard himself so he does not fall prey to scholarship scams.  There are six common signs:

1. Application or processing fees;
2. Loan fees;
3. Guaranteed winnings;
4. "Everybody is eligible" - each scholarship is geared towards selective criteria;
5. Unclaimed aid myth - "Billions of dollars of scholarships go unclaimed every year"; and lastly,
6. "We will apply on your behalf".

Being cautious of scams prevents you from giving away money instead of obtaining it.  Never give out your social security number or bank information.