While it is summer time now, plenty of students are gearing up for college. That preparation may mean looking for scholarships to help pay for their education. But beware: scholarships are a new target for scammers.
Keep a couple things in mind as your favorite college-bound kid is wading through the process of scholarships.
First, legitimate college scholarships and financial aid do not require upfront fees.
If you see the terms "money back guarantee"or a "secret scholarship," consider those red flags.
If they ask for a checking account to confirm eligibility, ditch that so-called opportunity as well.
In lottery scams, you often hear you should not have to pay to win something. The same principle applies for money toward a college education.