Office of Financial Aid

Drop Shadow

Scholarship Scams

Rules of Thumb:

  1. If you must pay money to get money, it might be a scam.
  2. If it sounds too good to be true, it probably is.
  3. Spend the time, not the money.
  4. Never invest more than a postage stamp to get information about scholarships.
  5. Nobody can guarantee that you'll win a scholarship.
  6. Legitimate scholarship foundations do not charge application fees.
  7. If you're suspicious of an offer, it's usually with good reason.

The FTC cautions students to watch for tell tale lines:

  • "The scholarship is guaranteed or your money back."
  • "You can't get this information anywhere else."
  • "I just need your credit card or bank account number to hold this scholarship."
  • "We'll do all the work."
  • "The scholarship will cost some money."
  • "You've been selected by a 'national foundation' to receive a scholarship" or "You're a finalist" in a contest you never entered.

More Information about Scholarship Scams:

Where to Report a Scam: