National News

Jul 15, 2014 6:25 AM

Scholarship Scammers Targeting College Students

WASHINGTON - Many students planning ahead for college are looking for money to help them pay for their education.

Nobody knows that better than scammers, who are preying on families looking for scholarships and financial aid. Here are some red flags to watch out for:

A "money back guarantee" or a promise of "secret scholarships" are often signs that the scholarship isn't legit.

Asking for a checking account to confirm eligibility or telling students they're "finalists" for an award that requires a fee are also techniques used by scammers.

And you shouldn't apply for anything with ongoing fees payments withdrawn from a bank account every week or month.
and, never hand over access to your accounts.

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