Graduation Scams

As graduation season approaches, the excitement of achieving academic milestones can be overshadowed by the prevalence of graduation scams. These scams, targeting students and their families, come in various forms, from student loan repayment plans to fraudulent job offers. The risk of falling victim to these scams has become more significant than ever.

Student loan repayment scams target individuals burdened with student debt, promising quick relief and debt forgiveness for a fee. These scams often involve deceptive tactics, such as claiming affiliation with government programs or loan servicing companies. Scammers may offer to consolidate loans, lower monthly payments, or even eliminate debt entirely. It’s important to be cautious and skeptical of any unsolicited offers regarding student loan repayment. Research and verify the legitimacy of companies and programs, and seek guidance from reputable financial advisors or loan servicers to navigate the repayment process safely. Know the specifics of your student loan, and question unsolicited messages about unpaid tuition.

Another form of graduation scams targets recent graduates with fake job offers. Scammers may pose as recruiters or employers, offering lucrative positions that seem too good to be true. They may request personal information, such as Social Security numbers or bank account information while claiming they are processing employment paperwork. In reality, these scammers are attempting to steal identities or money from unsuspecting graduates.

To avoid falling victim to graduation scams, students and their families need to exercise caution and diligence. Research companies thoroughly, verify credentials, and be wary of offers that seem too good to be true. By staying informed and vigilant, graduates can ensure that their hard-earned achievements lead to legitimate opportunities and success.

Page last updated 11:59 AM, April 22, 2024