How scammers are siphoning college financial aid with stolen student identities
Summary
Criminal groups are using stolen student identities to apply for college financial aid in the U.S. They are tricking colleges to get millions of dollars in aid, which prevents real students from receiving these benefits.Key Facts
- Criminal networks are using identity theft to impersonate students.
- These scams target U.S. colleges by sending fake applications.
- The goal of the scam is to obtain financial aid money.
- Tens of millions of dollars are involved in these scams.
- Genuine student applicants lose out on college seats and financial aid.
- Reports of these scams are increasing and gaining attention.
- Fortune magazine editor Amanda Gerut discussed the issue with Ali Rogin.
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