New students are being alerted to a scam where fraudsters claim to offer a "educational grant" in a bid to con them into divulging bank details.

The personal finance site Money Saving Expert says it is aware of students at major universities being targeted in a new wave of "phishing emails". At Queen Mary University London, one student was tricked out of £300. University of Glasgow said it was also aware of the scam and had advised students to ignore the email.

Fake grants

The mother of the QMUL student said her daughter had received the scam email last week. It looked as if it had come from the university's finance department, complete with the logo, and invited the young woman to claim a government bursary. An online form asked her for personal and banking details and took her to a bank verification page, which was when she became suspicious. But, MSE says, the student found the fraudsters had already taken £300 from her bank account.....Read more here