Authorities Investigate £60 Million Student Loan Scam Targeting Higher Education Funding

Authorities Investigate £60 Million Student Loan Scam Targeting Higher Education Funding

Organised crime may be reaping the benefits of student loan fraud, amounting to £60 million in funding, within unregulated colleges in England due to inadequate oversight, as outlined in a report by the National Audit Office (NAO). The illicit scheme, which allegedly involves the creation of fake student identities and the manipulation of loan disbursements, … Read more