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Avoiding Scholarship Scams

posted Aug 6, 2015, 7:41 AM by Angela Manning   [ updated Aug 6, 2015, 7:41 AM ]
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