Beware of Scholarship Scams. The Federal Trade Commission cautions
parents and students to look and listen for these lines:
"The scholarship is guaranteed or your money back."
No one can guarantee that they can get you a grant or scholarship.
Refund guarantees often have conditions. Get refund policies in
writing before you pay.
"You can't get this information anywhere else."
There are many free lists of scholarships. Check with your school
or library before you pay someone to do the work for you.
"May I have your credit card or bank account number
to hold this scholarship?"
Do not give out your credit card or bank account number on the
phone. Get information in writing first. It may be a set-up for
an unauthorized withdrawal.
"We'll do all the work."
You must apply for scholarships or grants. There's no way around
"The scholarship will cost some money."
Do not pay anyone who says they are "holding" a scholarship
or grant for you. Free money should not cost anything.
"You've been selected by a 'national foundation'
to receive a scholarship," or "You're a finalist" in a contest you
Make sure a foundation or program is legitimate before you send
If you suspect a scam, Fight back! Bring all
materials and letters to your guidance office or a person in a
local colleges financial aid office for advice.