Scholarship Scams
Federal Trade Commission: Signs of Scholarship Scams
- “This scholarship is guaranteed or your money back.”
- “You can’t get this information anywhere else.”
- “I just need your credit card or bank account number to hold this
scholarship.”
- “We’ll do all the work.”
- “The scholarship will cost some money.”
- “You’ve been selected by a ‘national foundation’ to receive a scholarship” or “You’re
a finalist” in a contest you never entered.
In general, be wary of scholarships with an application fee, scholarships
matching services who guarantee success, advance-fee loan scams, and
sales pitches disguised as financial aid “seminars”.
Links: Scholarship Scams
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Maximizing Your Chance to Win
1. SEARCHING FOR SCHOLARSHIPS
- Start searching for scholarships ASAP.
- Apply to as many awards as possible.
- Seek out less competitive scholarships
- Use up-to-date award information.
- Beware of scholarship scams.
- Ask the school about academic scholarships.
- Ask to be nominated.
- Don’t forget to renew your scholarship.
2. GETTING ORGANIZED
www.finaid.org/scholarships/organization.phtml
- Get Organized
- .Do not miss deadlines.
- Organize the application materials.
3. ESSAYS
www.finaid.org/scholarships/essays.phtml
- Read the directions.
- Do not skip questions.
- Write an interesting essay.
- Write an outline for your essay.
- Give concrete examples.
- Don’t exaggerate.
- Proofread you application.
- Ask a teacher or a parent to review your application.
- Type your application.
4. LETTERS OF RECOMMENDATION
www.finaid.org/scholarships/recommedations.phtml
- Seek good letters of recommendation.
- Create an accomplishments resume.
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