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.

The University of Glasgow said it was also aware of the scam and had advised students to ignore the email.