Scholarships are great aids for people who really value education. Unfortunately, there are scholarship scams out there that look legitimate. The sad thing is that a lot of people are easily fooled by these scams. After all, who would be able to resist assistance for educational purposes? The alarming rate of fake scholarships is definitely surprising. People should protect themselves from these by knowing how to detect them.
How to Identify Scholarship Scams
Here are some tips that will help you identify possible scholarship scams. These are some of the characteristics that scholarship scams usually possess.
Application Fees – Legitimate sponsors never ask for application fees. A lot of people become victims of these unnecessary fees. Charges can amount anywhere from two dollars to as high as five thousand dollars. Aside from application fees, there might also be other charges that aspiring scholars have to pay for. Nevertheless, the truth is that scholars do not really have to pay for anything. After all, the essence of scholarship is to provide financial assistance to certain individuals, and not to take money away from them. Other fees that people might hear are insurance, loan, origination, and processing fees.
Suspicious Requests for Personal Information – Any scholarship program that asks people their personal information should be avoided. Oftentimes, victims carelessly give away their credit card information, bank account numbers, and checking account numbers. People might be told that these details are needed for the application process. However, these things are not really that important when it comes to scholarship applications.
Unclaimed Money – A lot of aspiring scholars are easily fooled by the myth of unclaimed scholarship money. Some might hear that billions of dollars were unclaimed and that amount will be distributed to scholars. There will always be companies who will advertise huge amounts of unclaimed money. Unfortunately, their claims are not true.
It is not sufficient that people already know how to spot scholarship scams. This is because they can still easily be tricked.
How to Avoid Fraud Scholarships
In order to make sure that they will definitely get scholarship grants, they might want to do the following steps.
First, people should process their application for scholarships themselves. They should never rely on companies that will process their scholarship application for them. Fraud companies will tell their victims that they will do all the work. Of course, that is very hard to resist. However, no one will be able to process a scholarship application fee than the applicant himself.
Second, aspiring scholars must conduct their own research about scholarship companies. This will also help them determine if certain companies are legitimate or not.
Finally, applicants should always be cautious. They should start getting suspicious if there are some fees that are involved. If they are uneasy or they feel weird about a specific offer, they should simply trust their instincts and start looking for other offers.
It is because of scholarships that a lot of people were able to get proper education. However, aspiring scholars should always watch out for the scholarship scams that are widespread.