Important: New Scam Targeting College Students

Scammers are now targeting college students and their families with a new scheme: the Unpaid College Tuition Scam. This scam involves calls or emails claiming there’s an outstanding tuition balance that must be paid immediately to avoid penalties or enrollment issues. Wyhy Federal is raising awareness among Wyoming credit unions to help members identify these fraudulent tactics.

How the Scam Works

Scammers may pose as university officials, demanding immediate funds. These suspicious calls often aim to pressure students or parents into providing personal and financial information. Remember, legitimate institutions will rarely ask for immediate payment over the phone and will usually provide detailed billing statements through secure channels.

How to Safeguard Your Finances

To safeguard your finances, do not disclose sensitive details over the phone. Verify any unpaid tuition claims directly with your school’s finance department. Credit unions in Wyoming, like Wyhy Federal, advise members to stay vigilant against these types of scams and to report any suspicious activity promptly.

Be cautious and aware! Share these tips to help prevent scammers from taking advantage of students. #WyomingCredit #AvoidScams #WyhyFederal