Federal Agencies Release Report on Scholarship Fraud

The Federal Trade Commision web site announced that the Fifth Annual Report to Congress on Scholarship Fraud was released by three federal agencies.

Each year, millions of students seek help in financing their college education, and some fall prey to scholarship and financial aid scams that “guarantee” money for college in exchange for a fee. In 2000, Congress passed the College Scholarship Fraud Prevention Act to help federal agencies crack down on those scams. The Federal Trade Commission and the Departments of Justice (DOJ) and Education (ED) have issued their fifth required report to Congress describing their continued efforts to combat scholarship and financial aid fraud.

The report can be found here.