Beware of Scholarships Scammers on the Prowl

Here at EDUsquared, nothing, and I repeat nothing frustrates us more then hearing about a student that fell victim to a scholarship scam and is hurt financially.

As tuition rises and more families turn to private scholarship as an additional source of college money, we want to make sure you are prepared with all the facts to fend off all the financial criminals lurking in the shadows.Below we have provided the Federal Trade Commissions (FTC) classic signs of a potential scholarship scam:

“The scholarship is guaranteed or your money back.”Scholarship Scammers

  • “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. You just pay a processing fee.”
  • “The scholarship will cost some money.”
  • “You’ve been selected” by a “national foundation” to receive a scholarship – or “You’re a finalist” in a contest you never entered.”

As you apply for scholarships this Spring, please be sure to check out the FTCs Scholarship and Financial Aid Scams.

 

July 17, 2017

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