Student Scams

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High-school students and students in college or post-secondary education are particularly vulnerable to fraud and scams because of their limited life experience and their growing independence from parents or guardians. Younger consumers are also vulnerable to a growing number of identity theft schemes because of the large amount of time they spend on the internet.


Common fraud & scams:
Student Identity Theft  
Spring Break Scams  
Job Opportunity and Job Placement Scams  

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Statistics:

According to Javelin Strategy & Research, ‘millenials’, or those consumers between the ages of 18 and 24 years, take nearly twice as many days to detect fraud, compared to other age groups. (Javelin 2010 Identity Theft Report, Javelin Strategy & Research, http://www.prnewswire.com/news-releases/javelin-study-finds-identity-fraud-reached-new-high-in-2009-but-consumers-are-fighting-back-83987287.html)

According to the Federal Trade Commission, younger consumers, those who did not complete college, and those with high levels of debt were more likely to be victims of fraud. (2007 Consumer Fraud Survey, Federal Trade Commission, http://www.ftc.gov/opa/2007/10/fraud.shtm)

According to the Federal Trade Commission, Ohio consumers filed 6,712 complaints regarding ‘Travel, Vacations, and Timeshare” in 2006. (2007 Consumer Fraud & Identity Theft Complaint Data, Federal Trade Commission, http://www.ftc.gov/opa/2007/02/topcomplaints/PDF%20State%20Releases/tc2007Ohio.pdf)