A recent tuition scam has affected 23 students, with financial losses exceeding $125,000: Regina police

WATCH: The Regina Police Service is advising the public that it’s seeing an increase in fraud cases targeting university students.

Regina police are warning students not to fall for a circulating tuition discount scam, which has affected 23 people to date with over $125,000 lost.

Officers have seen an increase in fraud cases over the past month, which has scammers promising reduced tuition rates in exchange for an upfront payment, according to a release from the Regina Police Service (RPS).

According to police, the scammer receives the tuition money then “pays” the school using fraudulent credit cards. The victim then does not find out their tuition hasn’t been paid until they receive a notice that there was a problem with a payment.

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RPS is reminding people to never provide their login or personal information to anyone, and if it sounds to good to be true, it often is.

Police also say no one is going to pay your bills for the full amount and provide a discount. If someone is offering you something on behalf of a university, police advise you to go to the source and see if it is legitimate.

RPS is also reminding people to be cautious of “recovery schemes, as a scammer connected to the first scammer could contact you to promise to be able to recover your lost money for a fee.

Anyone who suspects someone is trying to defraud them is asked to contact police right away.