Be careful in search Scholarship

By; Admin

Scholarship is a beautiful way to success your study. But be carefull while searching or respond to any offered and opportunity of scholarship. You have to assure your self if it was a real.

Scholarship Fraud by: Fabiola Castillo

Many scholarship-locating services will tell you that “millions of dollars in private scholarship money goes unused annually.” The fact is, almost all available financial aid comes from the federal government or from individual colleges.

More than 340,000 people are duped by scholarship fraud every year. Private scholarships are usually awarded to very specific applicants, such as students with a particular career interest, or members of a certain religious organization or church. These institutions have created funds for students. They are willing to give them to qualified people and have no interested in keeping the money a secret.

You can easily learn more about these opportunities by checking with appropriate institutions. Contact organizations or clubs to determine what they look for in an applicant. Your high school or college guidance counselor can also provide information on scholarships.

Common Scholarship Scams By: Julie Harvard

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.

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”.

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