Beware of Scholarship Scams ! - Common Scholarship Scams

• The scholarship is guaranteed or your money back
  Beware of scholarship-finding services that guarantee you will win a scholarship or your money will be refunded. If it is a scam, you will find it extremely difficult to qualify for refund, because this refund guaranteed often have terms & condition attached. Get and review refund policies before you pay.
  
  
  
  



• Ask for your credit card or bank account to hold the winning scholarship for you
  If you receive phone call saying that you have won a scholarship and they need your credit card or bank account in order to hold the winning scholarship for you. Never! Never give out any credit card or bank account without getting information or confirmation in writing first. It might be a set-up for an unauthorized withdrawal from your account.
  
  
  
  



• A super low interest rate loan that need advance fee
  This scam will offer you an unusual low interest rate loan but they will ask you to pay for a fee during the loan application submission. And when you pay for it, the promised loan never materializes. Be aware, real education loan usually deduce the fees from the disbursement check. It never required you to pay for a fee when you submit an application. If the loan is not issued by a bank or other recognized lender, it is probably a scam. Check the offer with your local bank’s manager before you pay..
  
  
  
  



• You can’t get this scholarship information from anywhere else
  There are many scholarship lists available for public. A real scholarship is normally announced to public and you can get this information easily from college and the recognized financial aid agencies. Start your own researching from those locations before you pay for somebody to do the work for you.
  
  
  
  



• You won a scholarship prize!
  The scam will inform you that you have won a college scholarship worth a few thousands of dollars but you will be asked to pay for a “redemption” fee or taxes before they can release your prize. If you receive this good news but you don’t remember entering any scholarship contest, be suspicious. Even If you have entered the contest, check and get the winning confirmation letter first before any payment being made. There are scams use the real scholarship contest to cheat for money, they know many people are enrolled for the contest and by chance you are in the list.
  
  
  
  

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