Last Updated: September 27, 2011
While there are many great scholarships that can help you pay for college, there are also scams that lead students into financial aid traps. Therefore, when searching for scholarships for college, it is important to recognize signs that indicate that what looks like the ideal opportunity is really a fraud.
For example, you should be weary of any scholarships that say they are guaranteed. Legitimate financial aid organizations do not promise students that they will give them scholarships.
Another trap that many students fall into is scholarships that say they need your bank account or credit card number to hold your place. Giving your financial information to a stranger or an unknown organization is always risky, and real scholarship programs will never ask you for this information. Along these lines, you should also avoid applying for any scholarships that say they cost money. The great thing about scholarships is that they are always free.
Some scholarships may also ask you to send just your information, telling you that they will complete the entire application process for you. Unfortunately, this is typically a sign that the opportunity is a fraud. Students almost always need to fill out an application in order to be considered for a scholarship.
Original Post Date: September 27th, 2011