Home > Financial Aid > College Scholarships > Scholarship Information > Protect Yourself From Scholarship Scams

Protect Yourself From Scholarship Scams

Unfortunately, many scholarship scams look and sound like legitimate scholarship opportunities at first. Individuals and organizations suspected of perpetuating scholarship scams are held accountable under the Scholarship Fraud Prevention Act of 2000 and convictions carry stiff financial penalties as well as jail time.

Even though scholarship scams are illegal, they are still very common. Scholarship scams are so widespread that the Federal trade Commission's website includes a page dedicated specifically to how to spot and report them www.ftc.gov/scholarshipscams.

To protect yourself, it is important to know how legitimate scholarship programs work. You will never have to pay a fee to apply for a legitimate scholarship, nor will a legitimate scholarship program request money to cover processing. There are no circumstances under which a scholarship provider will need your credit card or bank account information. Legitimate scholarship search services help you find scholarships for which you are eligible but they cannot take care of completing applications for you.

Warning Signs of Scholarship Scams

  • The organization guarantees you will win an award as a result of paying a fee
  • The organization sounds like a non-profit but has no traceable history
  • The organization claims it will “handle all your scholarship applications” for you
  • The organization requests banking or credit card information to “process your application”
  • The organization requires an entrance fee

Latest College & Financial Aid News

Beyoncé Drops New "Formation Scholars" College Scholarship Program

April 28, 2017

by Susan Dutca

Beyoncé just dropped the news of her new college scholarship initiative, The Formation Scholars program which will award free college scholarships to four females at the following participating schools: Berklee College of Music, Howard University, Parsons School of Design and Spelman College. [...]

Marijuana-Funded College Scholarship Program to Aid Colorado Students

April 25, 2017

by Susan Dutca

The $1.3 billion marijuana industry in Colorado is tackling the $1.3 trillion national student debt crisis by using its tax revenue to help students pay for college. Pueblo County will be the first to use cannabis-funded college scholarships for education funding, money that once "fueled criminal empires." [...]

College Scholarships for Moms

April 21, 2017

by Susan Dutca

Being a college student can be daunting, period. With the surplus in coursework, responsibilities and stressing over college debt and expenses, college students are high-anxiety all year round...not just around finals time. On top of that, some student-parents must manage going to, and paying for college while raising and paying for their children. Fortunately, there are great financial aid resources and college scholarships reserved for students who have families; including students with dependent children, single mom scholarships, and single dad scholarships! With Mother's Day right around the corner, indulge in these exclusive free college scholarships- for your accomplishments as a student and mom. [...]

Follow Us:

facebook twitter rss feed