The rise of financial aid fraud, driven by identity theft and the increase in online education, is alarming. Scammers are applying for federal aid in victims' names, leading to substantial losses for public colleges. Ghost students and chatbots infiltrate online classes, disrupting legitimate students' education. The U.S. Education Department responded by requiring first-time aid applicants to show a government-issued ID, aiming to strengthen fraud prevention. Public institutions have lost millions due to this crime wave, revealing a critical need for enhanced screening methods.
The rise of artificial intelligence and the popularity of online classes have led to an explosion of financial aid fraud, with fake college enrollments surging.
In some cases, professors discover almost no one in their class is real, students get locked out of classes as bots push enrollments over limits.
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