I ran a Federal FA school for years. You might be surprised to learn that this type of thing is actually fairly common. The DOE operates largely on the assumpti

I ran a Federal FA school for years. You might be surprised to learn that this type of thing is actually fairly common. The DOE operates largely on the assumption that federal aid so-called drawdowns (G5 financial transfers) for tuition are made in good faith. They don't realize there's a problem unless or until there's a red flag, which is sometimes years after a school has been doing this.