University students should be vigilent with their personal information to prevent identity theft, where an offender uses a students information to apply for loans.
Students are encouraged not to reveal too much information about themselves on social networking websites.
The Student Loans Companyadvise that fraudsters target first-year students who reveal too much information online, such as their date of birth, email address and mobile number.
Student Finance England (SFE) administers loans and grants and is keen to make students aware of the risks they face of fraudulent attempts to hack into their bank account and accessing their loans and grants using 'phishing' scams.
Directed specifically at students, these scams are particularly common around the time that student finance payments are made. Fraudsters are aware that students are receiving funding and target them with emails or texts that appear official, requesting they disclose 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.