Abigail Cadman Kerr
Many fraudsters target students as victims, particularly at the times their student loan payment is due to arrive (in September, January, and April). The Student Loans Company has reported that there is currently a text message scam circulating, where students are told that their maintenance loan is ready and then sent a hyperlink. This link then asks students to update their bank details. However, the Student Loans Company have confirmed that they will never send a text asking you to do this via a hyperlink.
It is important to be vigilant in order to avoid these scams. If you need to check your details, use the Student Finance website on a trusted device over a secure Wi-Fi connection. Do not click on any links within texts or emails due to the large amount of fake emails and messages in circulation. Do not provide any bank details over the phone, or by email or text. Instead, update your information via your account on the Student Finance website.
“The first line of defence against fraudsters is always students themselves”
The Student Loan Company have said they are taking steps to reduce fraud. Their Customer Compliance teams have reportedly stopped £1.2 million from being stolen from students’ bank accounts.
Bernie McNaught, Executive Director, Repayments and Customer Compliance at the Student Loans Company, said: “Keeping money in students’ pockets is a high priority for SLC. Our Counter Fraud teams work to keep on top…
