The Scholarship Scam | 03.24.09

Posted in Scholarships By Student Loan Network Staff

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

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 without any fear of fraudulent activity.

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5 Responses to “The Scholarship Scam”

  1. Peggy says on June 4, 2012 at 10:32 am:

    Is the website ScholarshipPoints a scam? Looking for reliable information.

    Reply To This Comment
  2. Daniel says on March 31, 2009 at 8:07 am:

    Thanks for that helpful info.

    Reply To This Comment
  3. NaToya says on March 27, 2009 at 7:20 am:


    Reply To This Comment
  4. Sean Morris says on March 25, 2009 at 6:25 pm:

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

    Reply To This Comment

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