✉news Business Personal Finance first seen 20 h ago, last 14 h ago, peak #11

Financial Aid Scams: 'Ghost Students' Now Graduating

Original: Financial Aid Scams: ‘Ghost Students’ Transition From Disappearing to Graduating

Scammers using fake 'ghost student' identities to collect college financial aid are no longer just vanishing after enrollment — some fabricated students are now being taken through to graduation, according to reporting highlighted by Investopedia. The scheme exploits gaps in college identity verification, costing institutions and federal aid programs money, and raising questions about how schools confirm that enrolled students actually exist.

Why now: Concern over rising financial aid fraud and weak identity checks at colleges is drawing fresh attention to how far these scams have evolved.

Investopedia US colleges federal financial aid programs

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Financial Aid Scams: ‘Ghost Students’ Transition From Disappearing to Graduating · Investopedia

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