Listen Live on  
 

104.5 The Cat

Lexington's Hit Music Station
 
 

Feds Flag 126K in Student Loan Fraud Crackdown

 
Feds Flag 126K in Student Loan Fraud Crackdown
Posted Monday, June 24th 2013 @ 3pm  by Matt Cantor, Newser Staff

(NEWSER– Some $829 million in "improper payments," including those involving fraud and clerical errors, went out to Pell grant recipients over the fiscal year that ended in September. Though that's a smaller figure than in the previous two years, it's up 86% from 2007—and the US is trying to root out the problem. Many applicants are applying for cash without planning to attend school at all; officials have flagged 126,000 questionable applicants since January, the Wall Street Journal reports. That's some 1% of aid applicants for the 2013-2014 academic year.

Read more from Newser.com

Recommended Stories

More from 104.5 The Cat

*