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Aug 15, 2023 · Beware of unsolicited offers. Typically, winning a scholarship or grant that wasn't applied for is impossible. Ask how the organization got your name and contact information, and then verify it...
Mar 15, 2024 · Concerns over paying for college rose during the 2023-2024 school year due to delays rolling out the Free Application for Federal Student Aid, notes Will Geiger, co-founder and CEO of...
- Cole Claybourn
- Staff Writer
People also ask
How do I avoid a scholarship scam?
Are fee-based scholarships a scam?
Is a scholarship scam a scam?
Is a $40,000 scholarship a scam?
- Services That Claim to Apply to Scholarships For you.
- A “Secret List” of Scholarships You Need to Pay for.
- “Honors” You Have to Pay to Accept.
Just as you’re unlikely to receive a scholarship you didn’t apply for, the odds are slim that a company will submit scholarship applications on your behalf. So-called scholarship matching services typically ask for money in exchange for finding scholarships or even applying for you. And while the organizations may promise to refund your money if yo...
Don’t fall for companies that claim to provide a list of scholarships for a fee. Although organizations may claim they have access to opportunities you can’t find through other sources, the truth is that legitimate scholarships want students to find them. When in doubt, avoid paying for scholarships or information.
Certain merit-based organizations may offer scholarships to top students. However, applicants should take care to avoid honors they have to pay to accept. For example, high schoolers often confuse the well-regarded National Honor Society with the National Society of High School Scholars, an academic society that students pay to join. While admissio...
Nov 18, 2020 · If a company promises you a scholarship or grant in exchange for a ‘processing cost,’ ‘redemption fee,’ or other upfront payment, walk away.” "You've been selected by a national foundation to receive a scholarship." If you hear that you won or are a finalist for a scholarship that you don't recognize, be suspicious.
Some fee-based scholarship scammers go to great lengths to make their scheme appear legitimate, often by genuinely awarding a large scholarship. While this might not sound like a scam, imagine that 20,000 people pay an application fee of $10. If the organizers pay out a $40,000 scholarship, they still get to walk away with $160,000 in their ...
Dec 15, 2022 · The key: keep your wits about you and do your due diligence. To better avoid scholarship scams, it helps to study the basics of scholarships and to find out where it's safe to apply for a scholarship. Check out these Bold.org blogs and resources to get started on your search for real financial aid: Scholarship Basics. Finding College Scholarships.
May 25, 2021 · Scholarship Scams. Never pay to apply for a scholarship. If a company promises you a scholarship or grant in exchange for a “processing cost,” “redemption fee,” or other upfront payment, walk away. Many of these companies give you nothing for your fee — not even a list of potential sources of scholarships.
