Beware of Scholarship Scams ! – Common Scholarship Scams
Posted by arief on 6th September and posted in Scholarship
Beware of Scholarship Scams ! – Common Scholarship Scams
Many scholarship-finding services will tell you that “millions of dollars in private scholarship money goes unused every year” and they can guarantee that you will get this money by using their service and most of time there is up front fee incur. BEWARE! It might be scholarship scam’s trap. In general, if you have to pay money to get money, it’s probably a scam.
Every year thousand of students and parents are defrauded by scholarship scams. And many of them even unaware that they had dropped into the trap of scholarship scams, the victims usually write off the money paid up front to the scams as thinking they just simply didn’t win the scholarship.
Let review some of common scholarship scams so that your will be alerted and precaution about the suspicious scholarship offers.
Common Scholarship Scams
According to the Federal Trade Commission’s Scholarship Scams, if you receive an offer that uses one of these tactics, be suspicious:
The scholarship is guaranteed or your money back
Beware of scholarship-finding services that guarantee you will win a scholarship or your money will be refunded. If it is a scam, you will find it extremely difficult to qualify for refund, because this refund guaranteed often have terms & condition attached. Get and review refund policies before you pay.
Ask for your credit card or bank account to hold the winning scholarship for you
If you receive phone call saying that you have won a scholarship and they need your credit card or bank account in order to hold the winning scholarship for you. Never! Never give out any credit card or bank account without getting information or