College students in the UK should be aware of a student loan scam that targets student borrowers via email.
According to Action Fraud, there is a new student loan email scam in the United Kingdom that is targeting first-year and returning higher education students in the country.
The scam operation sends emails to student loan borrowers in which they claim to be the Student Loans Company, the UK Department of Education-owned student loan provider.
In the email, the message states that the target victim’s account has been temporarily suspended because of incomplete information. The student debtor is then encouraged to click the message for more information.
If the student loan borrower falls for the spam-bait and clicks on the message, they are directed to a fraudulent website that the scammers hope will lead to the victim entering identifying and personal account information.
Action Fraud, which is the UK’s fraud and advice watchdog, stated that the scam is mainly targeted at new students, but returning students are also likely to be targeted.
Email scams that redirect a user to a fraudulent website are nothing new, and email users are advised to always keep their guard up for suspicious links or email attachments.
An executive at the Student Loans Company confirmed that the UK-run student loan company will never ask for a debtor’s personal or financial information via email or text message. He also advised any student that thinks they have received a scam email to send the email to email@example.com as well as notifying Action Fraud.
Andy Fyfe, a detective with the London Police, issued the following statement for Action Fraud’s press release: “This phishing email displays a number of tell-tale signs of a scam including spelling and grammar errors. As the new university year begins, we are urging people to be especially cautious of emails that request personal details. Always contact your bank if you believe you have fallen victim to a scam.”
Add this email scam to the list of headaches that UK students must deal with as the new academic year begins. On Friday, the Student Loan Report covered the story regarding student loan interest rates in the UK officially being raised to 6.1 percent on September 1st.
Student loan scams have found multiple ways to operate using modern-day medians of communication and networking. In mid-August, the Student Loan Report wrote that a North Carolina man’s cell phone number was hacked and used to call hundreds of consumers in an effort to trick them into making a lump sum payment that they thought would be used to repay their educational loans. Only a few days later, an Arizona man was sentenced to 15.75 years in prison after using online dating sites to trick women into giving him money that the victims thought would be used to help repay student debt.
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