Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Education & Reference » Article
 

Beware of Scholarship Scams ! - Common Scholarship Scams




By Jullie Harvard

Many scholarship-finding services will tell you that millions of dollars in private scholarship money goes unused every year and they can guarantee that you will get this money by using their service and most of time there is up front fee incur. BEWARE! It might be scholarship scam’s trap. In general, if you have to pay money to get money, it's probably a scam.

Every year thousand of students and parents are defrauded by scholarship scams. And many of them even unaware that they had dropped into the trap of scholarship scams, the victims usually write off the money paid up front to the scams as thinking they just simply didn’t win the scholarship.

Let review some of common scholarship scams so that your will be alerted and precaution about the suspicious scholarship offers.

Common Scholarship Scams

According to the Federal Trade Commission's Scholarship Scams, if you receive an offer that uses one of these tactics, be suspicious:

    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.

Summary

The above are just some commons in scholarship scams. There are still many other scholarship scams around. Always be precaution in any scholarship offer to you and always check for confirmation before any money pay out. The basic guideline is if you have to pay money to get money, it's probably a scam.


 
 
About the Author
http://www.studykiosk.com/ - Listing the best Distance Learning Programs available to date, It explains the many ins and outs of attending a Virtual Classroom to help you succeed in realizing your educational goals from self-improvement, to certification, to earning an online degree.

Article Source: http://www.simplysearch4it.com/article/43509.html
 
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/43509.html" as shown above and make it hyperlinked.



  Some other articles by Jullie Harvard
Student Financial Aid Types You Should Know
There are many types of financial aids offer to college and university students. While a few are gifted aids and do ...

What Else Can You Do With A Communication Degree?
The ability to communicate effectively is often cited as the skill rated number one for career advancement across all professions. Unless you leave alone in an island which is disconnected from the rest of ...

Online Education Degree - A Booming Sector That Bring You To A Brighter Future
Are you kind of person who likes to work with children? Are you loves to giving training and teaching to young people? Are you a good communicator especially with children? If you ...

Why Get Your Business Degree Online?
Business world is very competitive and full of challenging tasks. Having a broad range of current business skills will help you to do well in the business world. Therefore, if you are a working individual ...

It's Time to Upgrade Yourself; Do It Easily through Online Degree Programs
You have been working in a company for quite some times at the middle level of position. One day, your colleague who is at manager position submits his resignation for career advancement in other ...

Want To Earn An Online Degree? Some Cautions Are Advised
The online degree programs are increasing in popularity and creditability, more and more prestigious colleges and universities offer complete online degree ...

  
  Recent Articles
ProfEssays offers the best custom writing on-line
by Andrew Sandon

Teacher Motivation - Who Teaches The Teachers?
by Charlie Cory

Secret of engineering textbook
by Yube

What is my favourite philosophy books?
by Yube

Through Help for Orphans, Sarah Ehrlich Follows Oprah in Educating African Kids
by Kris Nickerson

Editing department of ProfEssays
by Andrew Sandon

Death Penalty: the Best Way to Write About It
by Timothy Anderson

How Experienced Essay Writers Work
by Timothy Anderson

Academic Research Paper Writing
by Timothy Anderson

The Problematic Student; How to Handle a Know it All
by PrepMasters

Essay Writing Help: Business Report
by Timothy Anderson

Academic Writing Help
by Timothy Anderson