Fraud facts for freshers

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If you’re reading this post that probably means you’re now officially one of our students – exciting stuff! Perhaps more exciting, is that you are receiving your first student loan payment this month. Quick tip, make sure you check out one of our budgeting workshops to help you prevent those dreaded red numbers in your overdraft. With approximately 1.1 million students receiving their student loans this month, there are unfortunately some people out there who are going to be trying to take advantage of this. Have a look at these tips below to make sure you are able to spot any scammers so that you won’t fall prey to any of them.

  1. SLC (Student Loan Company) or Student Finance England (SFE) will NEVER ask you to confirm your bank details, login information or personal financial information by email or text message. Make sure to be suspicious of any requests for personal or financial information. They are guaranteed to not be an official email from either SLC or SFE.
  2. Check if the emails/texts contain your first and last name. A lot of the times, these so-called phishing emails are sent in bulk and are unlikely to contain both your first and last name. Commonly, these emails start with “Dear Student”, so please be on guard if you see an email like this.
  3. Check for the quality of the communication. Phishing emails often contain misspelling, poor punctuation and bad grammar – keep an eye out for these!
  4. Don’t believe ‘Failure to respond in 24 hours will result in your account being closed’-emails. These types of messages are designed to create a sense of urgency with you to prompt a quick response. Don’t fall for them!
  5. Think before you click. If you receive an email or text message that contains a link that you’re not sure of then try hovering over it to check that it goes where it’s supposed to. If you’re still in any doubt, then don’t risk it! Always go directly to the source, rather than clicking on a potentially dangerous link.
  6. Check out the SLC’s guide to identifying a phishing scam and their phishing video on Youtube for more information.


If you do come across any emails that seem suspicious, please do forward them to They will then investigate the site for you and ensure it is shut down to make sure other students are protected as well!


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