Combating Financial Aid Fraud
In a 2014 audit report, the U.S. Department of Education’s Office of Inspector General concluded that “Distance education…creates new opportunities for fraud, abuse, and waste in the Title IV programs.” Have we improved in safeguarding federal financial aid funds since this report was issued? This webinar shared stories about institutions that have been victims of criminal activities in which fraudsters pose as students to pocket aid money. What lessons can we learn in preventing fraud in the future? Why is it important for college presidents to assure that proper safeguards are in place?