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

• Looking for Student Aid
• OUCH...Students Getting Stung Trying to Find $$$ for College [PDF]
• 6 $igns That Your $cholarship Is $unk Bookmark [PDF only]
• US Department of Education
  Student Guide
  Funding Your Education

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