"It’s one of the oldest cons around. Come up with the cash to pay a small fee up front, and there is a big pot of money just waiting for you," Acorns reports.
"You might recognize this classic grift from some of its common versions, which often appear out of the blue in your email inbox. Your long-lost uncle has named you in his will! You won an overseas lottery! Or that timeless classic—a Nigerian prince needs your help getting cash out of his country!
The name for these is 'advance fee scams,' and unfortunately for college students, there is another variety: The scholarship scam.
To view the article, Watch Out for These 3 Red Flags of Scholarship Scams.