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Don't Be Fooled
Posted by Lindsey Dykman, 10/24/05 at 1:19:46 PM.
A genuine scholarship can help to pay for college, but beware of con artists. The Federal Trade Commission says complaints about scholarship scams rose to 4486 in 2004--up from just 670 in 2003!
A financial-aid service is probably fake if:
There's any application fee for a scholarship.
There's any advance fee for an educational loan.
A scholarship is "guaranteed."
Be suspicious if you're told that:
"Billions of dollars of aid went unclaimed last year." That's simply untrue.
"We apply on your behalf." The reality: You must always submit your own application for a scholarship.
"We have a high success rate." In fact, fewer than 1% of the people who pay for scholarship services actually obtain one.
For more information, including legitimate (and free) ways to find scholarship money, go to www.FinAid.org on the Web.
Information obtained from Oct. 15, 2005 PARADE
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This Page was last update: Monday, October 24, 2005 at 1:20:41 PM
This page was originally posted: 10/24/2005; 1:19:46 PM.
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