WARNINGS ABOUT SCHOLARSHIP SCAMS


BEWARE OF SCHOLARSHIP SCAMS!!!

Need Money for College? Doesn't everybody?

Unfortunately, in their efforts to pay bills, many students and their families are prey
 to scholarship scams. The FTC cautions students to look for tell tale lines:

  • "The scholarship is guaranteed or your money back."
  • "You can't get this information anywhere else."
  • "I just need your credit card or bank account number to hold this scholarship."
  • "We'll do all the work."
  • "The scholarship will cost you money."
  • "You've been selected by a national foundation to receive a scholarship" or "You're a finalist" in a contest you never entered.

SCHOLARSHIP SEARCHES USING THE INTERNET

As you search, BE CAUTIOUS!! Unfortunately, in their efforts to pay the bills, many students and their
 families are falling prey to scholarship scams. The FTC cautions students to look for tell tale lines:

  • "The scholarship is guaranteed or your money back."
  • "You can’t get this information anywhere else."
  • "I just need your credit card or bank account number to hold this scholarship."
  • "We’ll all do the work."
  • "The scholarship will cost some money."
  • "You’ve been selected by a ‘national foundation’ to receive a scholarship."
  • "You’re a finalist" in a contest you never entered."

If you are invited to attend a seminar on financial aid or scholarships, follow these steps:

  • Take your time. Don’t be rushed into paying at the seminar. Avoid high-pressure sales pitches.
  • Investigate the organization you’re considering paying for help. Talk to your guidance counselor about it.
  • Be wary of "success stories" or testimonials of extraordinary success.
  • Be cautious about purchasing from seminar representatives who are reluctant to answer questions or who give evasive answers to your questions.
  • Ask how much money is charged for the service, the services that will be performed and the company’s refund policy.

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