Can someone please explain in detail how the fraud works? The article doesn't fully explain how the is money distributed to the fraudsters.
With FAFSA, the assistance is all encapsulated away from the student- you apply for an assistance loan (requires SSN), an account is created for you, the college is hooked up directly to that account, so you never actually handle the cash. How does this specific fraud actually work?
With FAFSA, the assistance is all encapsulated away from the student- you apply for an assistance loan (requires SSN), an account is created for you, the college is hooked up directly to that account, so you never actually handle the cash. How does this specific fraud actually work?