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New Scams: Scholarship Applications For College Students And High School Seniors, Military Scholarships and Community Service Scholarships

How the scam works:

(with video below) It is the time of the year where students go back to school. Maybe you are one of them or maybe you have a child that is. Unfortunately, as the tuition fees have ridiculously increased over the last few years, scammers found ways to victimize the hard working individuals who are hoping to receive a well-deserved financial aid. Whether you are looking for scholarship applications for college students, high school seniors, military scholarships or simply for community service scholarships, you could easily become a victim of these fraudulent practices. How does the scam work?

Watch the video below to see the Scholarship Applications Scam exposed:

Scholarship Applications Scam Video

Let's say you are considering applying for a scholarship that seems very interesting. If the organization, company, or person who is promoting the scholarship approaches you with any of the following promises, it’s certainly a scam:

1. “You won’t get this info anywhere else” – No, all scholarships are public knowledge.
2. “There is a small application fee” – No fee is ever paid in applying for a scholarship.
3. “If you don’t get the scholarship, money back guaranteed” – No. Firstly there is no fee, and secondly, you will never see your money again.
4. “Our agency will apply on your behalf” – The only person who can apply for a scholarship is the potential recipient.
5.”You will be a guaranteed winner” – No, there is no such thing as a guaranteed scholarship winner.
6. “We need your credit card or bank account number, for security purposes” – No, security does not enter into the award of a scholarship.

How to avoid the Scholarship Applications scam:

As tempting as the prize sounds, never pay anything up front for a scholarship, even if they say “Hundreds of thousands of dollars in scholarships go unused every year”. This is just a scam.

How to report the Scholarship Applications scam:

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

Report Scammers To The FTC Here

 

How to protect yourself more:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

 

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