SCHOLARSHIP SCAMS TIP SHEET

SUSPECT A SCAM?

If you think you may be dealing with a scammer, follow the directions below:

1. Save all forms you receive from the suspected scammer. Keep copies of written details about the offer and any correspondence, emails or other paperwork. Make sure all materials are dated.

2. Take notes during any seminar or phone conversations. Record the date, time, phone number and the person’s name with whom you spoke. Also include a detailed account of your conversation.

3. Report the suspected scammer to local law enforcement, your financial aid office and any of the following organizations:

Federal Trade Commission
www.ftc.gov/scholarshipscams

National Fraud Information Center
www.fraud.org

Better Business Bureau
www.bbb.org

United States Postal Inspection Service
www.usps.com/postalinspectors/fraud

FastTip: Applying for financial aid should never cost more than a postage stamp!

BonusTip: An upfront fee is not needed for scholarship or loan applications!

FastWeb! Student Bulletin
Aug/Sept 2006
College Edition