Scholarship Scams

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by Barbara J. Feldman on February 3, 2004

Although many legitimate college scholarships exist, the FTC warns students and parents not to fall for any of these six scams. “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.” “You’re a finalist” in a contest you never entered. Learn more at the FTC’s $cholarship $cams website.


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