If someone took out a loan in your name, it's important to take action right away to prevent further damage to your credit. In general, you'll need to contact the lender who issued the student loan and provide them with a police report. Each lender has their own process for handling student loan identity theft. Notify the school, if necessaryIf someone took out student loans in your name, contact the school the thief used to take out the loans. Check your credit report regularlyFinally, check your credit report regularly to ensure no new accounts are opened in your name.