Student Loan News, Updates and Blog Posts

News, updates and commentary on student loans

03.24.09 | The Scholarship Scam

Posted in Scholarship Points by David Bonvie

Did you know that countless students fall prey to scholarship scams each year?

Estimates show that families lose millions of dollars to scholarship fraud. The College Scholarship Fraud Prevention Act protects against fraud. The Federal Trade Commission (FTC) cautions students to look for these telltale lines.

- The scholarship is guaranteed or your money back

- You can’t get this information anywhere else

- I just need your credit card or banks account number to hold this scholarship

- You’ve been selected by a national foundation to receive a scholarship

- You’re a finalist (in a contest you never entered)

To file a complaint with the FTC, or for free information you can call 1-877-FTC-HELP.

Of course you may enter the big 10K giveaway at Scholarshippoints.com without any fear of fraudulent activity. Someone is going to be the big 10K winner on 3/31. Will it be you? Enter now for a FREE chance to win $10,000! See past winners.


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3 Comments »

  1. Sean Morris says

    This is really shame because people are struggling these days. if it’s too good to be true………

    March 25th, 2009 | #

  2. NaToya says

    THANK YOU ITS VERY HELPFUL TO KNOW THESE THINGS!

    March 27th, 2009 | #

  3. Daniel says

    Thanks for that helpful info.

    March 31st, 2009 | #

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