BBB warning: College students are bait for scammers

BBB warning: College students are bait for scammers

8/30/20
By: KRVN

During this time of the year, college students are having to spend money on tuition payments and school supplies as they begin a new semester. Scammers see this as an opportunity to sway students who are looking for better ways to manage their finances. Freshmen, freshly exposed to managing their own finances, are particularly vulnerable because they are online looking for ways to save. According to BBB’s most recent Scam Tracker Risk Report, 41.6% of students reported a loss when exposed to a scam as compared to 28.3% of non-students. Data from the Federal Trade Commission (FTC) also shows younger people up to age 29 loose money to fraud more often than older consumers with a median loss of $488.

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