A Scholarship or a Scam?

If you’re a college-bound student and are awarded a scholarship or grant, you should know it’s FREE money. Yes, free. As in, you should never have to pay to find, apply for, or receive either a grant or a scholarship. Unfortunately, some people wind up paying a lot to learn this lesson.

You might attend a so-called free seminar that turns into a high-pressure sales pitch for costly financial aid information that’s readily available other places at no charge. Or a company will promise scholarships for a fee, or will charge you to apply for or receive a scholarship. Some unscrupulous types will even try to get you to send them money by saying that you are a finalist in a scholarship contest.

Be sure to do your own research before spending any money. You might learn a valuable, money-saving lesson.


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