Scholarships are a great way to help students achieve their higher-education goals. Unfortunately, scholarship scams abound. Among the telltale signs that students and their families should look for - and then stay away from are:
- "We guarantee you'll get a scholarship or your money back." Almost every financial aid applicant is eligible for something. A guarantee like this is, therefore, worth nothing.
- "You can't get this Information anywhere else." Any legitimate source of financial aid will make information widely available through a number of means and media outlets.
- "Credit card or bank account number required to hold scholarship." Legitimate scholarship providers do not require this information as a condition for receiving funds. "We'll do the work." Students should expect no one to be more motivated to do the research than themselves.
Adapted from Kaplan's Scholarships 2005