Saturday, May 25, 2013

Caveat Emptor or Buyer Beware 13: More Scholarship Scams to Avoid

Money on a hookSaturdays we share tip or cautions to facilitate getting scholarships or avoiding problems

Susan sought financial aid to go to school. She saw a simple scholarship offer requiring only three questions to qualify. She appreciated the brevity of the application after completing several long applications. When the page offered to link her to another brief offer, she gleefully accepted it. That one followed by another and another. Within days Susan began receiving unsolicited offers from schools that did not interest her. Soon, she received 10-20 emails a day from schools and other organization.

New Twists on Old Scams

Several of the old scholarship scams recently redressed themselves in new clothing. Some of them include:

  • Rewards without entries: this old scam disguises itself for students who don’t want to complete lengthy applications. They go by different names, but the essence is “You could win our weekly award by answering three simple questions: 1) What is your name? 2) What is your email address? and 3) asks a simple question “Rate your school…” or “List 3 schools you want to attend…”
  • Request for Money: Purdue shares this twist “phony grant—promises to replace loans with grant if you pay”

Sites To Help You Recognize Scams

The preponderance of scholarship scams generate many web sites to help you identify, avoid, and resolve getting caught in a scam. In addition, many sites rate and grade scholarship sources. While many of them share similar information, we’ve found the ones listed here to provide additional or well written advice. We hope you find them helpful.

Tuesday we review the US State Dept. a source of student financial aid for post-graduates

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