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The fall college semester is starting again, which means students across the nation are preparing to dole out tons of money on tuition payments and school supplies again.
Unfortunately, it's a prime opportunity for scammers to try to rob students of that money through various schemes, according to the Better Business Bureau.
The nonprofit organization, dedicated to creating an ethical marketplace, warned students ahead of the school year to be wary of various tactics scammers may use to steal their money or identity.
Some of these tactics could be phishing emails claiming to be from a university or college's financial department or fake emails directing students to sign in to a link with their student credentials.
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"Doing so could give the username, password or other personal information to scammers, while possibly downloading malware onto the device," the organization said.
Young adults are victims of identity theft even more often than the elderly, according to a report from the Federal Trade Commission.
Some reasons younger individuals fall victim more often is in part because they are "hard up for money", according to Richard Barrington, financial analyst for Credit Sesame.
"The combination of low-wage jobs and the high cost of continuing education makes them eager to look for special deals or income sources," Barrington said. "Too often, these are too good to be true."
It is a time in their life when they are dealing with bank accounts, credit cards and, in some cases, apartments for the first time. Navigating these firsts can be daunting.
"It takes some experience to learn to handle all these things safely and successfully," he said. "Unfortunately, when it comes to personal finance, experience is an expensive teacher."