00:00Paying for college is extremely expensive, so it's important to make sure every single
00:05dollar is accounted for.
00:07The Federal Communications Commission has issued a new alert warning students and parents
00:12of the rise in student scams.
00:14The head of fraud services for Visa tells HuffPost the credit card company is seeing
00:19an uptick in these tuition-related scams, offering scholarships and discounts after
00:25students fill out an application and pay a processing fee.
00:29Experts say the scholarship scams can be so effective because they play into people's
00:33anxiety of whether students can afford their dream school.
00:37HuffPost notes that there are things that legitimate scholarship applications request,
00:42like your name, birthday, age, and address.
00:44But be wary of scholarships that ask you to pay fees before applying or ask for your Social
00:50Security number.
00:52To protect yourself, experts say you should target scholarships that have a more thorough
00:56application process and create a separate email for your scholarship process so it's
01:01easy to keep track of everything.
