Financial aid or a scholarship scam often begins with a social media post, a letter in the mail or an email.  Let's take a look! 

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Processing Cost
Be aware if a business asks for a processing charge, redemption fee, or upfront payment in exchange for a scholarship or cash grant. The majority of these businesses don't offer anything for free, not even a list of potential scholarships and scholarship sources.

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Account Details
Additionally, you should be aware that often when these firms ask for information about your account or credit card to verify eligibility, they actually debit your account without your permission.

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Money Refund Guarntee
There are several trustworthy businesses that sell lists of scholarships. The main distinction between a reputable business and scammers is that the latter never guarantees or pledges an award or scholarship.

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Using False Information
 These scammers use false information about your family‚Äôs assets, income, and benefits so that you get qualified for more financial aid than you would get in case you were told the truth.

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