Story Created:
Mar 4, 2008
Story Updated:
Mar 4, 2008
Scholarship Schemes and Scams
Karen Stiles
If you or someone you know are looking for college scholarships, beware. Not all offers are as they seem. We have heard from a number of consumers who have gotten taken advantage of by
E-mails, websites, or seminars that fail to deliver on their guarantee for a scholarship. If you are looking for college scholarships, here are a few things to keep in mind before paying or releasing any of your personal information.
• Watch out for e-mails, websites, or seminars that present limited information and ask you to pay a hefty fee in exchange for a guaranteed scholarship. Quite often, the only thing you will get for this fee is scholarship information that is readily available for free.
• Know who you are dealing with before you release your personal information. There are a number of e-mails and websites that will try to phish for your information that can be used to steal your money and identity.
• Be sure to complete a free application for federal student aid this can be a great resource for learning what is available from the federal government and may be required by those offering scholarships.
If you are unsure if the offer is legitimate, contact a college financial aid office, or a high school or college advisor. They can be a great resource for locating less publicized scholarships, and also for providing additional information about some of the scams or schemes that may be circulating at the time.