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>The most likely crime being investigated is student aid fraud, which is an immense problem especially at inner-city colleges. Because of the ease of obtaining
by iskander 15y ago
>The most likely crime being investigated is student aid fraud, which is an immense problem especially at inner-city colleges. Because of the ease of obtaining government grants and loans, students can register for different programs under multiple names and Social Security numbers.
Worth noting: this stuff happens mostly w/ public institutions, since the private ones are under harsher guidelines and a lot more scrutiny.
- smashing 15y agoWhat harsher guidelines? Do you have a citation for this? I would think the much greater number of students who attend public schools would also correlate to greater instances of fraud. There is no mention of any relation as a percentage.
- iskander 15y agoI learned the above by speaking with employees at a private for-profit school, but when I went looking for supporting evidence I found I've been somewhat misinformed. The private school loan default rates are much worse than public schools: http://www.quickanded.com/2010/09/repayment-rates-vs-cdrs.html http://www.quickanded.com/2010/09/repayment-rates-vs-cdrs.ht...