- Espionage in Education
- The Panama Papers: Offshoring of Endowment Funds
- 40 million vulnerable bank records
- Botnets and identity theft
- 23,000 student records hacked
- Top Fraud Case 2019: College Admissions Scandal
- Graduation selfies and fraud
- Hack to prove enrollment
Fraudulent Student Debt Relief Scams
By: Tonya Mead, CFE, PI, MBA,MA Educational Psychology
Did you know that approximately 40 million Americans are indebted to institutions for approximately $1.3 trillion for student loans? Maybe you have firsthand experience on the difficulties of keeping current on student loan debt when job expectations are not on par with your reality.
The Consumer Financial Protection Bureau estimates that 20% or 8 million borrowers are not up-to-date on their payments and are in default. The OIG within the US Department of Education recognized this problem and criticized the agency for lacking a “comprehensive plan or strategy to prevent student loan defaults” in 2014.
Rather than wait for government action, many student loan debtors are turning to credit counselors for help lowering their debt. In 2005, about nine million Americans did so.
Other articles of interest