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December 1, 2006, Newsletter Issue #41: Warning Signs of Scholarship Scams
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Tip of the Week
Weeding out the valid scholarships from the scams can be a tiring process. Here are some things to look for that can tip off a scam:
• Companies that have shady contact information (no number or email address available or a post office box address). • Companies that offer flashy brochures promising "free money" and "guaranteed winnings." • Extreme time limits and pressure. • Claims of "influence" with scholarships sponsors or to be in touch with "Millions of unclaimed aid." • Scholarships that claim "everyone is eligible."
Remember, just because a company has one of these, does not mean it is a scam, but may mean that you need to research the company and scholarship more carefully.
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