Trump Admin Caught $150M in Fraudulent Student Loans in Past Months

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Excerpt The College Fix thecollegefix.com

Secretary of Education Linda McMahon hailed as ‘anti-fraud warrior’

The Trump administration has flagged $150 million in student loans as being potentially fraudulent as part of its efforts against “ghost students,” meaning scammers who enroll in online classes to collect federal loans without being real students.

“We have turned education in this country into a piggy bank for the worst people you can imagine, and the Biden administration did nothing about this,” Federal Trade Commission Chair Andrew Ferguson told Fox News recently. He is also the vice-chair of the White House Task Force to Eliminate Fraud. He did not specifically say if all the $150 million was due to ghost students or involved other types of fraud as well.

He praised Secretary of Education Linda McMahon for being an “anti-fraud warrior.”

“Just in the last couple of months [the Department of Education] already blocked $150 million in fraudulent loans from going out the door,” Ferguson said.

Continue Reading at The College Fix

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