Beyond just worrying about rising tuition costs, rising loan rates and classes, college borrowers who used Texas Guaranteed Student Loan Corporation also have to worry about identity fraud.
Recently the number of companies losing consumer data is getting out of hand. Even though Congress is beginning to look at ways to combat this, in the mean time, businesses are carelessly loosing information like names and Social Security numbers, and sometimes even financial histories.
Borrowers who received the letter informing them their information was stolen now have to watch their credit report to ensure identity fraud doesn’t happen to them. ■
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