Fraud

How to spot a scholarship scam

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Fraudulent organizations sometimes pose as legitimate agencies willing to help with scholarship searches. They often guarantee you a scholarship or promise to do all the work for you for a fee. The Federal Trade Commission advises students to be cautious of these red flags for scholarship and FAFSA scams:

  • “The scholarship is guaranteed or your money back.”
  • “We just need your credit card or bank account number to hold this scholarship.”
  • “We’ll do all the work. You just pay a processing fee.”
  • “The scholarship will cost some money.”
  • “You’ve been selected by a ‘national foundation’ to receive a scholarship.”
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