Are $10k Scholarships Legit?
Scholarship drawings are a popular way to earn money for college tuition. With the promise of a large sum of money, a $10,000 scholarship drawing can seem too good to be true. Unfortunately, some of these scholarship drawings may be scams. Are all of them legit? In most cases, the answer is no. When it comes to scholarship drawings, the most important thing to remember is that if something seems too good to be true, it probably is. Most companies offering large scholarship drawings are not legitimate. They may require you to provide personal information or purchase something in order to enter. In other cases, the company may never follow through with the promised reward. The best way to determine whether a scholarship drawing is legit is to do your research. Check the company’s website for reviews and testimonials from previous winners. If the company has been around for a few years, it’s likely to be legitimate. If the company is relatively new, it’s best to be cautious. Another good way to determine whether a scholarship drawing is legit is to check the Better Business Bureau. The BBB will have a record of any complaints against the company. If there are multiple complaints, it’s best to stay away. Finally, it’s important to look out for red flags. If the company is asking for money or personal information, or if the deadline is too short, it’s likely to be a scam. Additionally, if the company is asking for a fee to enter, it’s best to stay away. In conclusion, it’s important to remember that not all scholarship drawings are legit. It’s best to do your research and look out for red flags before entering any scholarship drawing. If a scholarship drawing seems too good to be true, it probably is.
For another perspective, we asked Judge Josh at Outlaw Student the same question — here’s what he said: https://www.outlawstudent.com/2010/03/10000-scholarship-drawings-legit/