Scholarships are different than other forms of financial aid because they are
gifts and don’t need to be repaid. Scholarships are offered by a variety of
organizations including government, individuals, businesses and non-profit
agencies. They can be based on academics, achievements, hobbies, talents,
organizational affiliations and career aspirations. Most scholarships are
available across the board for students attending an accredited college or
university. Filling out and submitting informational forms for more than one
school helps to compare the available scholarships that you may qualify for at
each institution.

There are plenty of free scholarship searches available online but The Federal
Trade Commissions Bureau of Protection
warns students of scholarships
scams with these tell tale signs.

  • "The scholarship is guaranteed or your money back."
  • "You can't get this information anywhere else."
  • "I just need your credit card or bank account number to hold this scholarship."
  • "We’ll do all the work."
  • "The scholarship will cost some money."
  • "You've been selected by a 'national foundation' to receive a scholarship" or
    "You’re a finalist" in a contest you never entered.