How to Know If a Scholarship is a Scam

How to Know If a Scholarship is a Scam- Beware of Scammers

Now that there’re so many scholarship websites out there on the internet, you have to know how to know if a scholarship is a scam.

You may be finding it difficult to  and challenging  to find out a genuine scholarship offers. There’s no doubt that most parents and students pass through a lot to know which of the scholarship is true.

We know that most companies or websites publish fake scholarship applications just to sell cheap information.

Also Read: What is a Scholarship?

However, I’ll be going to discuss how to know if a scholarship is a scam.

How to know is a scholarship is a Scam

When someone starts to apply for scholarships, the chances are that you’ll some promising sites for scholarships. But the fact is that not all of them are leading you to the How of  getting the scholarships. Submit your details for a fee or asks you for money, just know that you’re  in the wrong place.

Also Read: In Which country is scholarship easy to get

The aim of applying for scholarship is to get a free or partial sponsorship to study abroad or locally. So, why should someone who wants to sponsor you be asking you for money?

So, from the approach from the website, you can tell if the scholarships are worth giving your time. Before you key in your details in any portal for scholarship, ensure to read over and over again to avoid revealing your details to scammers.

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What a Legitimate Scholarship will ask for

  • They will require essays or at least a  few short-answer responses
  • It’ll ask for additional details such as your transcript from your former school, SAT/ACT scores and recommendation letters.
  • Require a certain minimum of G.P.A.
  • It can be awarded once or twice per year.

Signs that a scholarship could be a scam

  • May have 100 characters or less for your ‘Essay’.
  • Mostly use the term ‘sweepstakes’, ‘drawing ‘, or ‘random selection.
  • Uses zero requirements  beside  your basic information
  • Also, asks you for your social security number
  • Rewards weekly or monthly.
  • Charges a Fee- Some of the scholarship scams charges some It can be small and reasonable. Some of the fees can be application fee, processing fee, or taxes. However, Legitimate scholarships won’t ask you for any fees.
  • Requesting of Unusual details-Some of these scammers has a way of asking for your credit card number or social security number. You must know that scholarships don’t need your credit card number to verify you’re Identity.  No scholarship givers are needed to report scholarships to IRS unless the Scholarship is a fee for services.
  • Requesting for your Bank account number- You must have to be very careful, because a scam artist can just empty your bank account with just your bank account umber and the routing number. He or she can do so by issuing a demand draft to withdraw money from your account without your signature.
  • Telling your by email or text that you won a scholarships even when you didn’t apply. They can send you a congratulation messages that you’ve won a scholarship and ask you to pay for the application form.
  • They falsely claim to be a foundation or a tax –exempt Charity. You must check properly is the company is one that uses the tax exempt. You’ll check using the Exempt organizations select check took. It’s know as the IRS Publication 78
  • Sometimes they can send you a scholarship check. However, the scholarship check may seem real, but it’s a forgery. It’ll will bounce after you make a deposit. And your bank will definitely charge you for a bounced

One thing you should look out for  is that some of this scam scholarships has a lot of spelling errors. They may have  mailing address  but won’t have a telephone numbers.

  • Offers scholarship Gurantee. I want you to know that no one will gurantee that you’ll win a scholarship before application.
  • They claim exclusive access to the scholarship source.Most of the scholarship scammers claim to be the only source of  getting the scholarship information. I don’t think that any scholarship provider would like to keep it a secret.
  • Most times, they advertise a high success rates in scholarships. They’ll often say that a lot of their clients won  scholarships
  • They often create a false sense of urgency. It’s quite true that scholarships do have deadlines, but they aren’t awarded on first come first serve basis.
  • They will likely tell you that billions of dollars of scholarships went unclaimed last year. Well, these unclaimed scholarships aren’t new. It’s because the most scholarships have more applicants than money.
  • Often time they will say that they are approved by a reputable organization. Most of them claim that they have affiliation with the U.S department of Education or another government agency. Though, the Federal government prohibits them from endorsing private businesses.

Are you still in Doubt?

In case you still doubt is what you’re seeing is not what you want, you can google the company. Ensure that the site is a google approved site that has about the website page on the site.

If all you have about the site is just   about the sweepstakes, then, it’s likely a scam scholarship site.

How to report a scholarship scam

Once you encounter as scholarship scam, you can easily report it to the right law enforcement agency. If you report a scholarship scam on time you may save other students from being victims.

 

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