University students should be careful with their personal information to prevent identity theft. Identity theft is where an offender uses personal information to apply for loans.
Students are encouraged not to reveal too much information about themselves on social networking websites.
The Student Loans Company know that fraudsters target first-year students. Easy targets are those who reveal too much information online, such as their date of birth, email address and mobile number.
Student Finance England (SFE) administer loans and grants and is keen to make students aware of the risks they face of fraudulent activity such as;
- attempts to hack into their bank account
- accessing their loans and grants using 'phishing' scams.
These types of scams are common around the time that student finance payments are made. Fraudsters are aware that students receive funding and target them with emails or texts. These messages appear official, requesting personal and account details. Students who may not have had previous experience managing their finances can easily fall for this trickery.
To apply for student finance, please visit GOV.UK.