Every year, several hundred thousand students and parents are defrauded
by scholarship scams. Victims of these scams lose more than $100 million
Scam operations often imitate legitimate government agencies, grant-giving
foundations, education lenders and scholarship matching services, using
official-sounding names containing words like "National," "Federal,"
"Foundation," or "Administration."
If You Have to Pay Money to Get Money, It's Probably a Scam.
In general, be wary of scholarships with an application fee, scholarship
matching services who guarantee success, advance-fee loan scams and
sales pitches disguised as financial aid "seminars."
The FTC cautions students to look for tell tale lines:
People don't just give money away, which includes scholarship money. If
something seems to good to be true it probably is. And always to your
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