Posted on 08/30/2013 4:02:41 PM PDT by sheikdetailfeather
ORANGE COUNTY, Fla. —
9 Investigates discovered the U.S. Department of Education was warned about an increase in student loan fraud two years ago but failed to put all of the recommended procedures in place to prevent it.
Anchor Vanessa Welch started asking questions, and now a local congressman is getting involved.
Frank Lilos relies on student loans to help pay tuition at UCF.
He was surprised to learn about a huge student loan scam that costs taxpayers more than $187 million.
"I think that's ridiculous to be getting that much money and not going to school," Lilos said.
The report by the Department of Education's watchdog says suspected fraud jumped 82 percent from 2009 to 2012.
(Excerpt) Read more at wftv.com ...
Tip of the iceberg?
Surely, Shirely, you jest. /s
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