Scholarships are extremely helpful to the students and several websites offer free help and information on all the scholarships available. Internet can be used to get all the information needed without having to pay a single penny.
The access to the information database has been made easy by the internet. However, the students should be careful of the dangers and scams involved in the scholarship searches and investigate thoroughly before selecting any program. The Federal Trade Commission lists out some of the indications of suspicious scholarships.
1. Avoid scholarship programs that offer a money back guarantee or ask for some kind of payment. Scholarships are free money to fund your education, so avoid paying for them.
2. Never rely on any exclusive information provided on scholarships. All relevant information is made available for everyone and the access is simple too. Organizations or sites offering exclusive information should be avoided.
3. Never disclose your personal details to any awarding organization. Private information like bank account number or credit card details should never be disclosed since the transactions are in the form of checks addressed to you or your school.
4. Do not acknowledge people offering to do the work for you. Scholarship search is simple and can be carried out in person, without having to pay anyone.
5. Evade falling prey to contest victories. If you are informed of being awarded some grants through national foundations or contests, there is every chance of you being duped. You can qualify only for the ones that you apply for.
6. Scholarships are free and should never cost you anything.
Planning to give the best shot in both is a challenge.The key word here is balancing! 
Parents get frightened by the fact of to pay thousands of dollars for an education. 
For post secondary education, Federal government has launched loan program. 
Scholarship scams - because many students competing for scholarship.