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Scholarship Scams
If it sounds too good to be true, it probably is.
Many scholarship offers are not what they seem. Often referred to as "scholarship scams," they offer the "promise" of scholarship funding—for a small fee—and then steal your money. When looking for a scholarship, here are some tactics and claims to watch out for:
Be Suspicious
Be suspicious of any scholarship offer if even one of the following is true:
- You must pay a fee (any fee) to apply for the scholarship.
- You must provide a credit card number or your bank or savings account information to apply for the scholarship.
- You don't need to do anything (or do very little) to apply.
- The offer "guarantees" that you will be given a scholarship.
- The offer includes no contact information, such as a valid email address, phone number, and mailing address (a P.O. Box doesn't count).
- You never applied for the scholarship.
- You must attend a free seminar to be considered for the scholarship.
- The offer includes official-sounding words like "national," "education," or "federal" or has an official-looking seal.
- The offer says there is millions in unclaimed scholarship money waiting for you.
- The offer is filled with typos and spelling errors. For example, "scholarship" is spelled "scholorship."
Want to Know More?
- Look for scholarships using the free scholarship search on FastWeb.
- For instructions on what to do if you get potentially fraudulent calls promoting "scholarship opportunities," visit the U.S. Department of Education website.
- Request literature about scholarship scams from the Federal Student Aid Information Center by calling 1-800-433-3243.
- If you've been the victim of identity theft regarding federal educational funds or your student information, contact the U.S. Department of Education.