Beware of Scholarship Scams

Targeting Studious Teens

At Huron Valley State Bank, your security and information safety are our top priorities. We want to alert you to a rise in scams specifically targeting teens. As teenagers are ready to start on the next chapter of their academic journey, they are probably already thinking about how to finance their education. Scholarships can be a fantastic way to ease the financial burden of college, but be aware that where there’s opportunity, there can also be deception. We’re here to help navigate the world of scholarships and avoid falling prey to scams that target students.

1. Know the Red Flags

Scammers are always on the lookout for easy targets, and unfortunately, students eager for scholarships are a prime target. Here are some common warning signs that you might be dealing with a scammer:

• Upfront Fees: Legitimate scholarships do not require you to pay a fee to apply. If someone is asking for money upfront, it’s likely a scam.
• Too Good to Be True: Be cautious of offers that sound too good to be true, such as scholarships promising large sums of money with little to no effort on your part.

2. Do Your Research

Before applying for any scholarship, take a few minutes to research the organization offering it. Here’s how:

• Check Their Website: A legitimate scholarship provider will have a professional-looking website with clear contact information.
• Read Reviews: Search online for reviews or feedback about the scholarship provider.
• Verify Contact Information: Ensure that the contact information provided matches that of the official website. Be wary of phone numbers or email addresses that don’t seem to align with the organization’s official contacts.

3. Use Trusted Resources

There are many reliable sources for finding scholarships:

• School Counselors: Your school counselor is a valuable resource for finding legitimate scholarships and can help you avoid scams.
• College Websites: Many colleges and universities have lists of scholarships and grants that are available to their students. These are typically vetted and reliable.

4. Protect Your Personal Information

Scammers may ask for personal information such as your Social Security number or bank account details. Be cautious with any scholarship application that requests sensitive information.

5. Report Suspicious Activity

If you suspect a scholarship offer might be a scam, do not hesitate to report it.

We want to emphasize that we never solicit your personal information through text messages, emails, phone calls, or the Internet. This information is only requested when you initiate contact with us, aiming to verify your identity and enhance the security of your accounts.

For any security-related questions or concerns about your accounts please contact us immediately.