New scam offers tuition discount for MSU students

News
MSU SIGN_175442

EAST LANSING, Mich (WLNS) – Remember that old line “if it sounds too good to be true, it probably is”?

If you’re a Michigan State University student you will not receive a discount if you pay your tuition in full, despite what you may hear from phone scammers.

Reducing tuition payments is the pitch behind the latest scam making the rounds of students.

According to Michigan State University Police the scammers are targeting international students now but all students should be aware of the fraud.

It’s a fairly complicated scam and here’s how it all works:

  1. Students are being asked to proved their MSU login credentials, which the scammers then use to pay the student’s tuition with a stolen credit card.
  2. Once the transaction is completed, students are directed to use a wire or check transfer to pay the scammer at the discounted rate.
  3. The company of the stolen credit card then reverses the fraudulent transaction and students are left owing full tuition and are unable to retrieve the funds transferred to the scammers.

If you have been contacted by someone making a financial pitch that sounds suspicious you are asked to let the Michigan State University Police know.  They can be reached at 517-355-2221.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.