Students taking a celebratory photo after graduation.

With so many American borrowers dealing with high levels of student loan debt, many will do or try just about anything to get it paid off quickly.

For one woman, that included going on a dating site in the hopes of finding a “Sugar Daddy” that would help her pay off her student loans. In the end, though, she wound up getting scammed in what experts call a “victim-assisted crime” according to

After hearing about the site Seeking Arrangement from a friend, Angie (last name omitted for anonymity purposes) posted a free profile on the site that boasts Sugar Daddies and Sugar Mommas who can enter into personal arrangements with Sugar Babies who are looking for some financial help.

Hours after putting up her profile, she got a message from a Steven Morgan, who claimed that he was a widower as well as the CEO of a mining company. The two started texting, and Steve explained to Angie that he would start giving her a weekly allowance of $500. But in order to make those payments happen, he needed her online banking information.

Although she was reluctant, Angie eventually gave him the info and the two started exchanging money in a convoluted financial agreement. But about three days later, Angie realized she had been scammed. All of the checks Steven had sent to her account had bounced and her account was overdrawn by $4,670.

Middle-Class Minorities Are Most Likely to Fall Behind on Student Loan Repayment

After taking a closer look at Steven’s checks, Angie realized that none of them had a signature or account number on them. While they were clearly fraudulent, the bank made the full deposit available to her before the checks actually "cleared” which is common practice at banks. That gap in time helps contribute to the success rate of fake check scams.

While Angie wasn’t able to recover her money, others can protect themselves by never accepting a check or agreeing to a situation that requires you to wait for a check. Above all else however, do not send out your bank account information to anyone whether it is over text, email, or even a written letter!

This is a scam that is on the heels of other similar schemes that are currently plaguing the nation's student borrowers. 

This is a scam that is on the heels of other similar schemes that are currently plaguing the nation's student borrowers. Going off of several different stories run by The Student Loan Report, ​consumer watchdogs and borrowers alike have witnessed debt relief scams, phone scams, and even scams promoted by TV stars. The fraudulent activity shouldn't come as a surprise either; after all, the market consists of over 44 million student debtors.

Image Copyright © Alan Light