Demand for scholarships has increased to manifold due to rising prices of higher study in United States . The scholarships, which were less competitive in earlier days, see fierce competition these days. Despite this scenario, there are scholarships which go unclaimed because students do not know about them. Sponsors do not advertise for their scholarships, you have to trace them. There are many
$10,000 Given Away on the 15th of every month from FCS.com! Enter Now!
ways to locate a scholarship. One can use search engines on internet, reading printed material in public library is another useful resource. Students can visit the office of probable scholarship sponsor for more information. In this exercise, you will meet some genuine and some fraudulent scholarship sponsors.
According to an estimate by Federal Trade Commission fraudulent trade practices have caused $22 million to 175,000 students. Taking note of the rising scholarship scams, Federal government passed the College Scholarship Fraud Prevention Act in year 2000. Under this act, US Department of Education (ED) and Federal Trade Commission (FTC) set up public awareness centers. FTC is continuing to prosecute the companies involve in scholarship scams.
Following are the names of companies listed as defendants on FTC web site:
- Career Assistance Planning, Inc.
- College Assistance Services, Inc.
- Deco Consulting Services, Inc.
- National Grant Foundation, Inc.
- National Scholarship Foundation, Inc.
- Christopher ebere nwaigwe and udoka maduka
- Student Assistance Services, Inc., formerly known as Student Financial Services, Inc.
- Student Aid Incorporated
Win a $1,000 GPA Isn't Everything Scholarship! Enter Now!
According to FTC unscrupulous companies guarantee scholarships to needy students. They use high pressure tactics such as buy now or risk losing out on the opportunity, we guarantee you will get it, I have got aid for you; give me your credit card or bank account number and millions of dollars in aid go unclaimed every year; do not you want some of that money to lure students. Most of the companies will give you a money back guarantee if you do not get the scholarship. These companies ask for upfront payment for their services.
Enter Now to win a $10,000 Scholarship by CampusDiscovery!!
Criminals gain access to personal data of students to obtain credit cards, personal loan etc. FTC warns students against these companies. Scholarships are announced at their due dates. They carry a deadline. You cannot apply for a scholarship after the deadline is over. If you get such mails or phone calls then do not give answer to them. Giving your credit card number can be suicidal for anyone. Every year US Department of Education receives numerous complaints regarding scholarship scams.
Students must learn the ways to avoid scholarship scams. If you confront such company then check their reputation through Better Business Bureau, school guidance counselor or a state attorney general office.
Win a $50,000 Scholarship from WinningSurveys. Enter now!
Students can ask some questions to establish the legitimacy of a company:
- You can ask them to tell you names of your local area residents, who have used their services.
- Ask for the data of students, who have got scholarships through them.
- Find out truth of their refund policy.
Students have to be careful if they do not want to get robbed before they get anything. Scholarships are granted free of cost. You need not to spend a penny for getting scholarships. It is the money provided as charity to needy students. Always visit official web site of the scholarship sponsor company. If you have any doubts then visit their office personally for more information.
Search for $1.3 Billion of Scholarships at Fastweb Now! Click Here!
