National Council for Financial Literacy Warns About "College Scholarship Scams"
Summary
Press Releases National Council for Financial Literacy Press Release Receive press releases from National Council for Financial Literacy: By Email RSS Feeds: Joseph Russo - National Council for Financial Literacy Warns About "College Scholarship Scams" Joseph Russo advisory from National Council for Financial Literacy - warns about the numerous types of scholarship scams circulating via e mail, phone calls and US mail - $100 million annually lost in these scams Charlotte, NC, May 23, 2009 --( The scams vary from asking for upfront fees, to getting credit card information which leads to identity theft.Many scams use “Official” sounding names in their title such as Federal, National, Economic Stimulus Program, Foundation, Administration, scholarship fund, student grant, etc.The Federal Trade Commission, US Postal Inspection Service, your local Attorney General’s Office are just some of the agencies that have information and jurisdiction over this type of illegal activity.More information about the National Council for Financial Literacy can be found at www.ConsumerFinancialFacts.org ### Charlotte, NC, May 23, 2009 --( PR.com )-- Joseph Russo advises that various agencies have issued warning about scholarship scams that have been circulating Nationwide.The scams vary from asking for upfront fees, to getting credit card information which leads to identity theft.There are obvious “red flags” such as guaranteed results, guaranteed scholarship, only available until the end of month, etc.It is a scam if you are asked for money upfront Or asked for credit card information or personal information for any reason.Many scams use “Official” sounding names in their title such as Federal, National, Economic Stimulus Program, Foundation, Administration, scholarship fund, student grant, etc.All scholarship programs have free applications and never ask for any fees for processing.Please check with your college advisor to see if any program is legitimate.The Federal Trade Commission, US Postal Inspection Service, your local Attorney General’s Office are just some of the agencies that have information and jurisdiction over this type of illegal activity.The Better Business Bureau (BBB) is also an excellent source of information about the various scams.About The National Council for Financial LiteracyThe mission of the National Council for Financial Education of Students and Consumers is:to provide proactive, rather than reactive, financial education programs for students and consumers, through enhanced delivery strategies of financial content, with facilitators that are focused on topics that directly affect the ability of participants to function efficiently in basic daily financial situations.The “Council” wishes to improve awareness of the pitfalls of poor money management and significantly improve the financial awareness in areas of daily financial stability, by concentrating on topics that concern basic daily financial survival.