Today students were warned to be wary of scam emails purporting to be about loans and grants, later it emerged that 50 scam websites targeting young people have been shut down during the previous year.
Thousands of people are initializing university in the coming weeks and Student Finance England which processes English students loans and grants, nowadays urged students to “remain cautious" and not disclose any personal or bank details in response to email requests that look like they are from either itself or its parent company, the Student Loans Company. Student Finance England expects to make payments of more than 600,000 students this week. Fraudsters are taking advantage to target students who are waiting for money to arrive.
"Students are likely to receive a great deal of correspondence from Student Finance England with payment schedule letters” The fraud manager Heather Laing reported.
She added, Scammers take advantage of this increased contact from the company, and some students may fall victim to an email request that looks to be from Student Finance England. However, they will never ask students to confirm their bank details via email If you receive an email which you suspect is a scam email purporting to be from the Student Loans Company or Student Finance England forward it for investigate.
She added, Scammers take advantage of this increased contact from the company, and some students may fall victim to an email request that looks to be from Student Finance England. However, they will never ask students to confirm their bank details via email If you receive an email which you suspect is a scam email purporting to be from the Student Loans Company or Student Finance England forward it for investigate.
Laing said the organization monitored the problem closely. Anyone who has already disclosed their details should get in touch with Student Finance England immediately, and also change their account password as soon as possible.
The National Union of Students is supporting the campaign and said that if a student's application had been received and processed; enrolling on their course would release their student finance, including any grant or loan to which they were permitted. The first lump sum would reach their account in two to three working days. The National Union of Students said one of the best ways for people to protect themselves was to remove their email address if it was online, or hide it on social networking sites such as Face book.
The National Union of Students is supporting the campaign and said that if a student's application had been received and processed; enrolling on their course would release their student finance, including any grant or loan to which they were permitted. The first lump sum would reach their account in two to three working days. The National Union of Students said one of the best ways for people to protect themselves was to remove their email address if it was online, or hide it on social networking sites such as Face book.
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