Watch out for scholarship scams

Never give out your social security number or bank information for a scholarship.

There are six common scams: 

1. Application and processing fees
2. Loan Fees
3. Guaranteed winnings
4. "Everybody is eligible" - Scholarships all have selective criteria
5. Unclaimed aid myth - "Billions of dollars of scholarships go unclaimed every year"
6. "We will apply on your behalf"