Impact Of Placement Scam

The primary impact of these types of scams is financial loss, especially if students pay upfront fees. Unfortunately, scammers also target student-focused employers and internship providers who use bogus fees as a way to secure job applications or deposits. Additionally, Education 2.0 Conference highlights that some scam companies may post false reviews to entice students into a placement without checking to verify the authenticity.

There can be an emotional impact of placement scams, too. A student may invest their time and effort into applying for the job and expect to land the position, only to be left disappointed when they don't receive the placement they wanted. Furthermore, they can be taken advantage of if they make an upfront payment without verifying the details of the job offer or checking the reputation of the hiring company.