[MILRETVET-INFO] Beware: Scholarship and Financial Aid Scams

From: RETVET-INFO@xxxxxxxxxxxxx
To: <RetVet-Info@xxxxxxxxxxxxx>
Date: Thu, 26 Jun 2014 14:57:07 -0500
Beware: Scholarship and Financial Aid Scams 

Scholarships and financial aid do not require upfront fees. While there are
legitimate companies who will help guide you through the financial aid and
college application process for a fee, disreputable companies may ask you for
money up front and provide nothing in return. Red flags to watch out for include
the following:

*       A "money-back guarantee" to secure a scholarship. Don't believe it.
Unscrupulous companies attach conditions that make it impossible to get the
refund.
*       "Secret scholarships." If a company claims to have inside knowledge of
scholarship money, they're lying. Information on scholarships is available
freely to the public. Ask your librarian or school counselor.
*       Telling students they've been selected as "finalists" for awards. If
they ask for an up-front fee, head for the nearest exit.
*       Asking for a student's checking account to "confirm eligibility." If
they want bank account information or your credit card number to confirm or
reserve a scholarship, it's a scam.
*       Quoting a relatively small "monthly" or "weekly" fee. Then asking for
authorization to debit your checking account for an unspecified length of time.
Ongoing fees are a sure sign of a scam.
*       Unsolicited offers. Whether it's an e-mail, phone call, or it arrived in
your mailbox, if you didn't request the information, ignore the offer.


 <http://www.usa.gov/topics/consumer/scams-fraud/education.shtml> Learn more
about education scams to avoid.

SOURCE:   USA.Gov Blog article at
http://blog.usa.gov/post/89858146982/beware-scholarship-and-financial-aid-scams

 

 

 

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[MILRETVET-INFO] Beware: Scholarship and Financial Aid Scams

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