Tell, Tom Consumer Tip Of The Week - Cincinnati News, FOX19-WXIX TV

Tell, Tom Consumer Tip Of The Week

Warning Signs of Scholarship Scams:

1-States scholarship/grant is guaranteed or money back. No one can guarantee you'll get a scholarship or grant.

2-States you can't get this information anywhere else. Scholarship and grant information is widely available on-line and at libraries.

3-Promises they will do all the work. Only parents and students can determine and provide the financial information needed to complete the forms.

4-Claims you have been selected by a national foundation to receive a scholarship/grant. Ask yourself this question: Did I enter such a competition?

5-Asks for credit card or bank account number to hold scholarship/grant. This is never a requirement for legitimate scholarship/grant offer.

6-Demands money in order to collect sholarship/grant. Legitimate scholarships/grants never cost you money.

These tips courtesy of Cincinnati/Northern Kentucky Better Business Bureau. www.cinbbb.org .

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