(March 30, 2022 10:44am Fayetteville, AR) – The U.S. Department of Education announced today that they will conduct an internal audit of its FAFSA program. Allegations of fraud on FAFSA applications have more than tripled since the beginning of the COVID-19 pandemic.
The current maximum fine for intentionally submitting false information on the application stands at $500,000. The Biden administration wants you to know that this is a prank and students could experience financial and emotional distress if the problem does not resolve soon.
Tens of thousands of students receive $112 billion dollars in financial aid to help pay for college or career school each year. The largest deciding factor of how aid an individual student receives is that you must make satisfactory academic progress.