Back-To-School Scams: A Guide to Financial Aid and Student Loan Safety
Understanding Back-To-School Scams
The FTC warns that as the school year approaches, fraudsters are increasingly reaching out to students and parents under the guise of offering assistance with financial aid or student loans. These scams can result in significant identity theft, and potential victims must remain vigilant.
Types of Scams to Watch Out For
- Identity Theft Scams: Scammers posing as school representatives may request personal information.
- Student Loan Scams: Fraudulent offers to consolidate or lower student loans can lead to financial ruin.
- Rental Scams: Offers for seemingly perfect housing can end in lost deposits and no housing.
- Concert Scams: Fake ticket sales for popular shows can empty wallets without providing real tickets.
How to Protect Yourself
To stay safe from back-to-school scams, it is essential to verify information through official school channels and never share personal information over the phone or via unsolicited emails. Utilizing resources like the FTC can enhance awareness and prevention strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.