Small Business Resources, Business Advice and Forms from AllBusiness.com

Spotting Scholarship Scams

* From  Free $ For College For Dummies
Date: Friday, August 12 2005

Always be extremely wary of any unsolicited scholarship offers, especially the ones that you've never heard about before. Think about it. Unless you have perfect SAT scores, you lettered in varsity

track, basketball, and football, scored 100 percent in all your final high school courses, and were named state valedictorian, why would a scholarship foundation seek you out? The answer is: It wouldn't. Ah, but scam operators will. You, and thousands like you, are a potential source of revenue for scholarship scam operators!

With the exception of government-based loans and grants, few third-party scholarship funds are regulated, and that means anyone can send you an envelope full of promises or make a phone call full of guarantees. Students who spend hard-earned money for the chance to win a scholarship, grant, or low-cost loan are tossing their money down the proverbial drain.

One of the best ways you can tell that a scholarship offer is bogus is when it contains many promises. Legitimate organizations don't promise or guarantee anything, other than the honest, straightforward way that the award process works. Real organizations give you realistic deadlines, tell you whether or not they will respond to your application if you don't win, provide clear criteria for winning, and almost exclusively do not require an entry fee.

1 2 3 4 Next Page
T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

icon - related resources - pen

Latest Posts

doberry_80
Young Entrepreneurs Needed -- Apply Here
Do you know an up-and-coming entrepreneur? Encourage them to apply for the 2007 Young Entrepreneur Awards , a program of the National Federation of Independent ...
Read More
doberry_80
Who Do You Know? NFIB Young Entrepreneur Awards
The NFIB Young Entrepreneur Foundation announces its fourth annual scholarship program for high-school seniors, now known as the NFIB Young Entrepreneur Awards. This scholarship program ...
Read More
doberry_80
Can Your "Young Entrepreneur" Win a Business Plan Competition?
Many new entrepreneurs start their journey late in life. But young entrepreneurs now have an opportunity to win scholarships or seed money as part of ...
Read More
What Is Venture Capital?
Betsy Flanagan of Startup Studio interviews venture capitalist David Hornik of August Capital and the creator of VentureBlog.

Business Resources

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

© Spotting Scholarship Scams True. Used by arrangement with Wiley & Sons, Inc.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.