“One ringleader, the government said, recruited more than 40 people to
apply as students for enrollment and aid, even though most had neither a high
school diploma nor a GED, and were therefore ineligible to receive student aid.
As a result, participants in that scheme alone received more than $665,000 in
federal student aid. Meanwhile, two of the same ringleader’s brothers
orchestrated a similar scheme”.
“The
rings target mainly lower-cost institutions because student loans can easily
cover tuition for their courses, resulting in a higher award balance -- known
as a refund -- paid to the student. It is these financial aid refund awards
that the crime rings are after. The student applicants have no intention of
pursuing a degree, and often are not even eligible for the aid, authorities
say. Instead, they take a cut of the financial aid refund proceeds, and turn
the rest over to the ring leaders”.
This sort of fraud can ruin things for so many people as
well as the schools themselves.
Another thing to keep your eyes open for because if the
system is clean, it will last longer for students.
Dr Flavius A
B Akerele III
The ETeam
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