College scholarship scams have become increasingly more common these days. Scholarships that are collectively worth billions of dollars are available to college bound students, but the key is to decipher which are for real and which are scams.
Legitimate scholarships will never ask for a student’s bank account or social security number. They will never charge an application fee or a processing fee to apply. They will never guarantee that a student will be awarded a scholarship, simply for applying.
Legitimate scholarship applications will require some effort. Typically, an essay is required, often a letter of recommendation, and sometimes an interview. There needs to be some criteria on which “winners” are chosen. A “red flag” should go up when a student wins a scholarship for which he/she never applied.