FBI — Investigating Student Aid Fraud

http://m.fbi.gov/#http://www.fbi.gov/news/stories/2014/may/investigating-student-aid-fraud

It’s a yearly spring ritual: college-bound students, young and old, applying online for much-needed federal student aid in the form of grants or loans.

Unfortunately, a few unscrupulous individuals view Title IV Federal Student Assistance funding as a way to line their own pockets—not to get an education. According to a recent assessment by the U.S. Department of Education’s Office of Inspector General, the number of aid recipients potentially taking part in criminal fraud rings is increasing.

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