Scholarships are gifts of money that do not need to be repaid, provided the enrollment period is completed. Scholarship donors determine the individual criteria of the award(s), which may include financial need, merits and talents.
Scholarships count toward students’ overall financial resources. Federal regulations require scholarships be considered when calculating student’s financial aid award and eligibility. Therefore, scholarships may potentially reduce federal loans and/or work-study amounts.
Students and parents should be careful when searching for scholarships on the Web. Please note that you should never have to pay to search for or to receive scholarships! The following are some common fraud warning signs and ways to report them to authorities.
Must pay application, registration or other up front fees to receive scholarship information
Redemption fee for scholarship that you allegedly "won"
Have to pay a fee or invest in insurance, annuity or other in order to receive low-interest student loans or grants
Asking for confidential personal information, such as credit card number, checking account, calling card number or social security numbers
Scholarship seminars as poorly concealed sales pitches
Incomplete contact information (missing phone numbers or P.O. box)
Reporting Scams and Scholarships Fraud
Fill out online complaint forms from one of the following websites:
You can also contact the State Attorney General's Office of your state. Wisconsin residents may visit www.doj.state.wi.us.