The extended use of online loans by college students, similar to entrepreneurial loans, part-time loans and other online loans, makes it impossible for college students to prevent. Once cheated, it will make poor college students worse.
After college students are defrauded of loans, don't choose to bear it. Whether it is a college student loan or a private loan, a formal contract is needed, and the contract stipulates the repayment interest and amount. If there is no formal loan contract, it is illegal to borrow money, which is legally invalid and not recognized by law. You can take up legal weapons to protect your legitimate rights and interests.