Education Dept. Cracks Down on Fraud, Saves $1B
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Department of Education unveils stricter measures to safeguard federal student aid, estimated to save one billion dollars. Theyre combating ghost students and AI scams, ensuring genuine recipients receive funds. Previously, less than one percent of students had their identities verified, leaving room for fraudsters. Twelve million five hundred thousand dollars were discovered in Minnesota this year. Secretary Linda McMahon highlighted loans given to fake profiles and deceased individuals. Meanwhile, the Treasury Department takes over federal student loan handling. In California, a fifty million dollar hospice scam ring is dismantled, with eight arrests and seven fake spots shut down. This marks a firmer approach to waste across agencies, reinstating accountability for public funds.
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