Federal government received so many complaints against the fraudulent scholarship sponsor companies that it started considering to put a stop on scholarship scams. In the year 2000, federal government enacted the College Scholarship Fraud Prevention Act to empower government bodies to take stringent action against those companies, which use creative methods to earn money from needy students.
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The College Scholarship Fraud Prevention Act
- With this act federal government showed its intention to make people aware about the scholarship scams, the methods used by fraudulent organizations to do scholarship scams and the ways to avoid these scams.
- United States Department of Education (ED) and the Federal Trade Commission (FTC) were empowered to spread awareness among the mass.
- ED and FTC were given more teeth to prosecute those companies which are indulged in scholarship scam activities.
- FTC is continuing with its effort to prosecute the fraudulent companies. It has launched a project called Project $cholar$cam poster and bookmark.
- FTC has printed posters and bookmarks to spread awareness against scholarship scams among students. These posters and bookmarks are distributed among the students.
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Many awareness programs are being run by the government and non-profit agencies but still students get robbed. Following may be the reasons to why students get trapped in the hands of fraudulent scholarship sponsors.
- The sky rocketing price of higher studies and interest rate charged on student loans has compelled financially weak students to take shelter under scholarship providing companies. Needy students do everything to get scholarships so that they can fulfill their dream of higher studies.
- There are numerous scholarships awarded each year in America . Each scholarship carries a deadline for filing application. Students have to search, select and apply for scholarships in a fix time frame. Fraudulent sponsors lure students of assured scholarships if they are willing to spend some dollars.
- Many scholarships go unclaimed every year because students do not know about them. There are students, who can spend dollars to get these scholarships. Fraudulent sponsors take advantage of this scenario.
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The only way is to escape from being robbed at the hands of fraudulent scholarship sponsors is to have patience. Students should begin their search for scholarships as early as possible. Internet provides you the best to way to search for scholarships. It is wise to start searching for scholarships from local level. Always visit the official website if you are searching for a government sponsored scholarship. You can read books on scholarships in a library. Students, who have already got a scholarship, can tell you much better about where to search for scholarships. Students can take help of such organizations, which help in searching and applying for scholarships. These organizations take fees to give services. There is no harm to take their services but you must assure that they are not frauds. Remember, the organization that guarantees a scholarship is a fraud.
Each scholarship has different eligibilities and you cannot be eligible for everyone. Apply for only those scholarships, you can qualify for. It will save your money and time. Search for free scholarships before taking any help. There is abundance of free scholarships on internet. Always keep a photocopy of applied scholarship forms. Whenever you receive a mail that you have qualified for a scholarship, you can cross check whether you have applied for that scholarship or not.
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