The Higher Education Loans Board (HELB) has cautioned loan applicants to avoid falling for scams that often emerge on April 1 for April Fools' Day.

In a notice on Tuesday, the loans board urged prospective beneficiaries to be on the lookout for too-good-to-be-true loan offers and reminded them to "Stay sharp, stay scam-free." "It's April 1st, and scammers love it!

Watch out for fake HELB pages prowling out there and those too-good-to-be-true offers; always verify before you click," HELB warned. "Remember, HELB services are FREE, and we only communicate via official channels.

Stay sharp; don't get played!" A collage of an illustration of a hacker and HELB student portal Photo This warning comes at a critical time.