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 Thursday, September 23, 2010

Students awaiting loans and grants should watch out for scam emails asking for bank details, Student Finance England warns Students were today warned to beware of scam emails purporting to be about loans and grants, after it emerged that 50 phishing websites targeting young people have been shut down during the last year.

Hundreds of thousands of people are starting university in the coming weeks, and Student Finance England, which processes English students' loans and grants, today urged students to "remain vigilant" 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 to more than 600,000 students this week, and fraudsters are taking advantage of the timing to target students who are waiting for money to arrive. Heather Laing, its fraud manager, said: "Students are likely to receive a great deal of correspondence from Student Finance England at this time, with payment schedule letters or letters requesting further information coming through the door. Some students may fall victim to an email request that looks to be from Student Finance England or the Student Loans Company asking for confirmation of bank details. However, we will never ask students to confirm their bank details via email. If they do receive such a request, they should forward it on to us to investigate."

 

(Source: Guardian)

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