The Student Loans Company (SLC) is preparing to pay over £2 billion in maintenance loans to more than 1 million students throughout this month.

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Eight money scams and the warning signs everyone needs to know about

The company is now warning Freshers of frausters using the upcoming student loan dispersal to trick students into disclosing personal details via ‘phishing’.

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Be careful when giving out personal information via phone or email, says SLC.

Phishing, a common term for scamming, is a type of social engineering attack in which cyber criminals trick victims into handing over sensitive information or installing malware.

Fraudsters target students with fake emails and text messages around the three loan payment dates in September, January and April in an attempt to get them to give over personal details.

Bernice McNaught, Executive Director, Repayments and Customer…

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