Each year students and their families are the targets of scholarship scam artists. Protect yourself from scholarship scams by becoming an educated consumer. Often scams using official sounding titles like “national,” “federal,” or “foundation” as part of their name and promise to find you scholarships or grants. The Federal Trade Commission (FTC) suggests that you watch for these signs of a possible scam:
• The Scholarship is guaranteed or your money will be refunded.
• You cannot get this information anywhere else.
• We will do all the work for you.
• We just need your credit card, bank account number or social security number to secure the scholarship.
No one can guarantee you a scholarship. Students must apply for financial aid and scholarships themselves. For more information or to report a scam, please contact the FTC by calling 877-FTC-HELP.
