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The Internet has made it extremely easy to distribute information to millions of people, including fraudulent business deals and email scams. Fraud and scams are lurking all over the Internet, waiting for innocent victims who will pay or give out their personal details for what they think might be a legitimate business deal. Being aware of what's true and what's not plays a large part in being a responsible citizen of the cyber world.

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College Scholarship Scams

College Scholarship Scams

Many students have become victims to College Scholarship Scams. This happens on a regular basis around the time parents start checking their funds and students start applying to various colleges in the hope of scoring a scholarship and take the financial burden off them and their parents.

Most of these student and parents unfortunately fall for different type of scams which promise them a lump sum towards college education. In order to beat these scams and obtain proper and genuine financial aid for college, parents and students should be able to identify the types of College Scholarship scams that are being carried out.

Here is a look at some of those College Scholarship scams:-

College scholarships what ask for a processing fee:- You get an email saying that you are the lucky recipient of a $20,000 scholarship. In order to claim your grant you should send a processing fee of $ 500. This is where you should know that it's a scam. Why send money to process anything. There are parents and student's who have advanced processing fees only to be told to send more and it keeps going. Parent and students never end up getting their grants or financial aid.

Seminars:- Seminars that lure parents and students by the hundreds, charge a entrance fee to inform parents and students what they already know and a further payment is required to provide material and guarantee a placement. Because parents cannot make the payment immediately these seminar officials even accept credit cards. This is a sure sign that it is a scam. A scholarship cannot be reserved.

Unsolicited offers:- If you never requested or applied for a College Scholarship then how do you end up with an offer. These unsolicited offers turn out to be scams.

Financial aid offices:- The Financial aid office is given as an incentive by the scammers so that that financial aid officers recommend the scammers to help you with your financial aid and grants.

Expertise help: - the expertise help they provide for a fee is the information that you can already get if you browse the web. This quick money making scam is very popular as student and parents want to minimize their time and get some professional to help them. What they don't know is that these professionals are scammers.

Money back guarantee - For an advance payment, scammers give you a reassurance that if they cannot secure a scholarship for you, you will get your money back. You don't get your scholarship reserved neither do you get your money back.

Buying other products that can give you College Scholarship. It is not free offers like in super markets 'if you buy this you get that free'. You cannot get a free scholarship if you buy any other products such as family insurance or student insurance.

Warning signs that the College Scholarship you are looking at is a scam:-

. Refusal to sign and fill out the FAFSA application

. Manipulation of information on your documentation

. Guarantee of a scholarship or your money back

. Testimonials from other students, which eventually turn out to be bogus

. Give you information that you already know

. All documentation will be completed free of charge

. The processing of the application can be expedited for a fee

. Request for your social security and bank account details to reserve the spot

The best way to beat College Scholarship scam is to ignore unsolicited offers and request to pay fees. Scholarships are grants and if you feel that it's a scam call the BBB and check if it is a scam. The most reliable way to obtain a College Scholarship is to get some guidance from your student counselor.
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