Online graduate studies can be expensive. However, you may qualify for a scholarship, grant, or financial aid if you meet eligibility requirements. Scholarships may be awarded based on various criteria: Academic accomplishment, the applicant’s race, veteran status, church affiliation, membership in an organization, or a field of study. Unfortunately, just as there are thousands of opportunities to receive these gifts, an equal number of con artists want to appropriate your money and provide nothing in return. We created this guide to spread awareness about how these con artists run their scholarship scams and hoaxes.
There are a lot of scammers in the business of fake scholarships. It is essential to understand how they operate. For this, it is necessary to understand how scholarships work and how they use them to lure students. Scholarships are a type of financial aid based on several factors. They are free money that you can use to pay for all or part of your educational costs. Read more about Financial Aid and Scholarships for Online Graduate Students, where we cover the following topics:
Fake Scholarships are a fraud where the scammer promises to provide guaranteed college scholarships. Most scholarship scams seek to get students and their families to pay the scammer upfront, but some scams also involve identity theft.
According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, unscrupulous companies guarantee or promise scholarships, grants, or fantastic financial aid packages. Many use high-pressure sales tactics to get you to pay upfront or risk losing out on the scholarship. It is probably a scam if you have to pay money to get money. Never pay to get information about scholarships or to apply for a scholarship.
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U.S. Department of Education (USDE)
Federal State Commission (FTC)
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