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AI is helping scammers steal student loans and enroll in fake classes. Millions lost as AI bots impersonate students and drain federal aid.
One San Francisco resident, Heather Brady, learned the hard way how sophisticated education scams have become. A police officer showed up at her home with an unexpected...
Cybercriminals are using AI-driven bots to impersonate students, enroll in online college courses, and divert financial aid, leaving real individuals with stolen identities and fraudulent debt. In response to the surge in fraud, the US Department of Education recently enacted a temporary measure requiring first-time federal aid applicants to verify their identity with a government-issued ID. The department acknowledged the severity of the threat, stating, "The rate of fraud through stolen identities has reached a level that imperils the federal student aid program."
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