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Students Warned for being Vigilant of Loan Scam

Trading Standards warns students studying at different universities worldwide to watch out for an e-mail scam involving one deceitful student loan, presently doing the rounds, published NewsWales on February 7, 2012.

Reportedly, by circulating within all areas and having an identical message though with a different University name, the scam electronic mail exhibits a striking caption: "Urgent Verify Payment Details" as it lures students to answer the e-mail instantly.

Moreover, it seems the sender of the e-mail is the Student Loans Company or Student Finance England as it seeks personal information from the victims such as bank account particulars to facilitate the payment of the student loan.

There's also a direction to the fake e-mail's recipients that they should follow a web-link, which actually pretends to take them onto a safe web-page of the Directgov site, since it merely redirects them onto a different site that the e-mail scammers created for filching usernames and passwords.

Here, security researchers state that around the 3 key payment dates for student loan premiums during January, April and September, phishing scams increase plentifully. Thus, Trading Standards advise university and college students for being vigilant while never sending personal information to any unfamiliar entity.

Disturbingly according to the researchers, these scammers exploit the numerous communications that start amongst pupils and Student Finance England whenever a new term begins.

Deputy Leader, Councilor Judith Woodman for Cardiff Council says that any student who seeks to get a loan, alternatively is aware of any relative who maybe seeking one, must know that the mentioned loan scam is ongoing. NewsWales published this.

Woodman adds that it's highly recommendable that students keep on guard and never answer any dubious electronic mail alternatively, do as per any of its instructions. Moreover, they must instantly call Consumer Direct to enable Fair Trading officials to coordinate with Students Loan Company for probing the authenticity of the source.

Meanwhile, an inhabitant of Haverhill lately got the scam e-mail offering the student loan apparently convincing him that his application for the loan has some problem and unless he clicked on a given web-link, he could miss getting it.

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