Class Is in Session for Scammers
Protect Your Wallet This Fall
As college students gear up for a new semester, scammers are gearing up too. From fake textbook sites to bogus scholarships and apartment rental scams, fraudsters are exploiting the back-to-school rush to steal money and personal information.
Who’s at Risk?
Students are prime targets. In fact, in 2022, younger individuals (ages 20-29) reported a higher percentage of fraud cases resulting in losses compared to other groups (Federal Trade Commission, FTC Consumer Sentinel Data Book).
Common Scams to Watch For
- Phony School Supply Sites: Fake websites offer electronics, textbooks, or dorm essentials at steep discounts—but the goods never arrive
- Scholarship Scams: Unsolicited texts, emails, or social media posts promise financial aid but demand personal info and upfront fees
- Apartment Rental Rip-Offs: Fraudsters post fake or hijacked listings, pressure students to send deposits fast, and disappear with the cash
How to Stay Scam Safe
- Vet Online Stores: Read reviews and avoid sites that demand payment via gift cards, wire transfers, or CashApp
- Verify Rentals: Search the property and management company name with keywords like “scam” or “complaint.” Visit in person if possible
- Use Trusted Sources: Go through your school’s financial aid office. Never pay scholarship fees without verifying legitimacy. Be wary of high-pressure tactics
Report Fraud Immediately
If you suspect a scam, contact:
- DISB Enforcement and Consumer Protection Division: 202.727.800
- DC Metropolitan Police Department: 202.727.4159
- U.S. Postal Inspection Service: 877.876.2455
Federal Trade Commission (FTC): ReportFraud.ftc.gov