Cleveland, OH (PRWEB) June 15, 2011
College Made Simple sheds light on some of the worst scholarship frauds going today, and explains how parents and students can easily spot a legitimate scholarship from fraud.
$100 million. That's how much victims lose every year to college scholarship scams, according to the independent web site, finaid.org.
And as the cost of college continues to rise, so too is the number of scammers preying on parents and their college-bound students.
In fact, a recent FTC consumer alert states:
“With tuition bills skyrocketing, and room and board going through the roof, students and their families are looking for creative ways to finance a college education. Unfortunately, in their efforts to pay the bills, many of them are falling prey to scholarship and financial aid scams.”
In the following report, College Made Simple calls out 5 worst scholarship scams our office has observed over the last 12 months -- and shares how to easily tell the difference between fact and fraud.
Included is an example of the type of scholarship fraud letter most commonly seen today, along with 5 popular "approaches" scam artists are using.
Follow the link below for the complete write-up from College Made Simple:
5 Notorious Scholarship Scams