Monday, June 8, 2009

FTC Warning on Scholarship Scam

College funding is likely to be a lot tighter for the coming academic year. Before contacting any service that claims to help you obtain a college scholarship, you need to consider this warning from the FTC.

The FTC cautions students to look for tell tale lines:

  • "The 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.

Information for Students and Parents

Public Service Messages List of Defendants in Project $cholar$cam

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