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Thursday, October 15, 2015

Blog Post: Scams Aimed at College Students: Part 1 Here’s a Scholarship... Psych!


Submitted by Nathaniel Smith

Even though the fall semester has just started, for many high schoolers and parents (and some college students), nows the time to look for college scholarships. What few people realize is that not all scholarships are on the up-and-up.  Scammers would find away to prey on college students? Crazy, right? Well, if theres a way to scam a vulnerable group, someone will figure it out. When it comes to college students, theres a plethora of scams devised.

Welcome to the first part in the college scam warning series! Heres a scholarship... PSYCH!

First and foremost, no legitimate scholarship application is guaranteed. All real grants or scholarships will have some kind of qualifications. They usually include performance, GPA, belonging to a club, or participation in extracurricular activities.

If someone that claims they have exclusive information or expertise, then beware. You can find free scholarship information everywhere. School libraries, all levels of government, the internet, and private companies all have free information on scholarships available to anyone who asks, so dont be afraid to ask! Also, talk to your school counselor.

Any claims that you have earned, been selected for, or are a finalist for a scholarship or grant that youve never applied to, its another red flg. A scholarship doesnt just fall into your lap! Even the lottery requires you to go out and get a ticket, why would a scholarship be any different? Grants and scholarships have to be pursued, go out and get em!

Basically, do your homework. Get information from trusted sources and feel free to contact your local BBB at bbb.org or the Federal Trade Commission at 202-FTC-HELP (202-382-4375)

Do you have any questions or concerns? Anything to contribute to the conversation? Feel free to leave a comment! And stay tuned for the next installment: Den of Identity Thieves or The Stolen Identity!

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