Scholarships are a great way to fund your education, but unfortunately, there are many scammers out there who are trying to take advantage of unsuspecting students. It’s important to be aware of the potential risks and to know what you should never provide for a scholarship.
First and foremost, if an application asks for money, walk away. No legitimate scholarship provider will ever ask you to pay a fee to apply or to receive the scholarship. If you are asked to pay money, it is likely a scam. Don’t be fooled by promises of guaranteed scholarships or “no risk” offers.
Another important thing to remember is to never give out bank or credit card information. Legitimate scholarship providers will never ask for this type of information. If you are asked to provide your bank or credit card information, it is likely a scam.
Finally, any financial data you provide should come from IRS or FAFSA data. Legitimate scholarship providers will never ask you to provide your own financial information. If you are asked to provide your own financial information, it is likely a scam.
It’s important to be aware of the potential risks associated with applying for scholarships. By following these tips, you can protect yourself from scammers and ensure that you are only providing the necessary information to legitimate scholarship providers. Remember, if an application asks for money, walk away. Don’t give out bank or credit card information. Any financial data you provide should come from IRS or FAFSA data. Legitimate providers do not ask for bank information.
