Hulett School

BEWARE OF SCHOLARSHIP SCAMS

To date, there are well over a half million scholarships advertised. Due to the large number and widely varied application requirements, the National Committee on Student Contests, Programs, and Activities does not review individual scholarship programs.

The Committee encourages students and parents to be savvy consumers when considering scholarships and recommends that they refer to the Scholarship Warning Signs developed by the Federal Trade Commission (FTC) and found on the FTC website.

Because an increasing number of students are using the internet to search and apply for scholarships, the Committee suggests that FTC guidelines be used to evaluate such services and remind administrators, parents, and students that a common practice for scams involves using high-pressure sales tactics.

Warning Signs

• Consumers are guaranteed a scholarship or their money back. Guarantees usually include requirements that effectively prevent consumers from qualifying to receive any refunds.
• The service claims itself as the “only” source for specific information. There are several free scholarship lists available in schools and on the Internet.
• To hold a scholarship, consumers are asked to provide credit card, checking, or bank account numbers. Giving out financial information may lead to an unauthorized bank account withdrawal.
• Credible scholarships and grants require students to complete the application process. 
• The service indicates that a scholarship will cost money. While some scholarship programs do assess a small processing fee for applications, holding fees may signal other intent on the part of the service.
• The student receives notice of winning an unsolicited scholarship. Parents should always research to determine if the scholarship sponsor is legitimate before applying or sending money for any unsolicited scholarship.

Many students and parents are turning to scholarship search services to assist in their efforts to secure financial assistance. According to the FTC, the increased use of these services has also led to more incidents of scams that promise search assistance. The Committee recommends that students and parents considering registration to a scholarship search service should consider those not charging for services. It is also recommended that parents and students consider search services that maintain websites that refrain from alcohol, tobacco, and firearm advertising and provide a clear explanation of policies regarding the use of personal directory information (such as name, address, email, date of birth, gender, and country of citizenship) that many scholarship search companies collect and sell. Parents should read and understand the company’s procedures for opting out on releasing student information before completing the registration process.

 ADDITIONAL WARNING SIGNS

• They ask for funding.
• They ask for your credit card or checking account info in advance. Never give credit card information or send money without checking on the company. There are plenty of free applications you should take advantage of.
• They say you are a finalist or you have been selected.
• They say you can’t get this information anywhere else.

THE SCHOLARSHIPS ON THIS SITE ARE NOT MEANT TO BE THE ONLY SOURCE FOR AVAILABLE SCHOLARSHIPS. FOR CURRENT SCHOLARSHIPS AVAILABLE, SEE MS. KARY-GARMAN

This link will get you to 175 scholarships – Deadlines Vary

Next Stepu – More Scholarships