Scholarship scams target on students who are young, fragile, and may not be aware of the warning signs to look for when finding financing options. Scholarship scams are created for one of two reasons: to get money or to get personal information. The basic laws of life apply: you should never pay money up front in order to receive money later, and you should never, ever give away personal information, especially your identity, bank or credit card numbers! Keep reading to get insights on how to avoid scholarship scams.
How To Avoid Scholarship Scams
Careerinfos has a wealth of information and guidance on how to prevent scholarship frauds. They also provide information on the most recent frauds, so if you’re looking for a scholarship, it’s a good idea to check out this website regularly.
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Detecting A Scholarship Scam
The FTC recommends looking for the following lines when applying for scholarships:
- Your scholarship will be guaranteed or your money will be refunded.
- This information isn’t available anyplace else.
- To hold this scholarship, I simply need your credit card or bank account number.
- We’ll take care of everything.
- The scholarship will cost some money
- You’ve been nominated.
- You’ve made it to the finals of a competition (that you didn’t enter)
Resources For Scholarship Information
There are a variety of resources available to assist in finding financing sources that are legitimate, easy to reach, and do not charge fees. Legitimate services do not have complicated systems needing time, information, or money from parents and pupils.
When looking for scholarship information, it makes sense to go to reputable sites. Your school, local government body, library, and Department of Education are all excellent sources of information. Distinguishing between scholarships and grants is highly recommended.
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Avoiding Scholarship Scams – “The Seminar”
The’seminar’ is another common fraud to avoid. That unsolicited phone call inviting you to a seminar on scholarship opportunities will almost certainly charge you for material that is freely available on the internet. These organizations usually just provide information, not scholarships.
Suggestions for Applying for Scholarships
The following are some recommendations for avoiding the burden of applying for financial help and avoiding scams:
- Apply as soon as possible (begin in January for the next school year)
- Fill out a Federal Student Aid application (again, do this in January)
- Consider your alternatives carefully; do you have a distinctive ability (intellectual, artistic, or athletic) that qualifies you for a scholarship?
- If you think you might be eligible, ask your school councillor or the finance office for applications for these scholarships.
- Are you a member of a specific ethnicity, gender, or other minority group that is being singled out for success? If that’s the case, there might be some unique scholarships available for you as well, although they’ll be restricted.
Scholarship Application Process
If the application process appears to be too difficult, parents and students should seek help from school guidance counselors or college finance departments rather than external sources.
These office administrators will assist you in comprehending and filling out the applications.
Scammers will try to persuade you to pay for something you will eventually have to do for yourself, as students are required to submit their forms at the end of the day.
Also Read: Fully Funded Scholarships For Students
Searching For Legitimate Scholarships
To assist parents and students in their hunt for reliable scholarship information, some wonderful websites have been built. These websites allow users to conduct a keyword or profile search to find scholarships that match their skills, academic abilities, study interests, and demographics.
The search results will recommend scholarships based on your specific qualifications. It’s still a good idea to double-check the legitimacy of any scholarship you’re linked to.
If you do decide to deal with a scholarship aid firm, make sure to double-check their legitimacy.
Summary On Scholarship Scams
While it is advisable to conduct due diligence on any firm or organization with whom you are considering dealing with, keep in mind that these firms are not necessarily flagged as fraudulent. If you do need to hire someone to help you with the paperwork for a scholarship application, make sure you read the terms and conditions and don’t pay any fees beforehand.
You may want to explore scholarships still accepting applications
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