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PBS News Hour

Scammers siphon college financial aid with stolen identities

Season 2025 Episode 236 | 5m 31s

According to recent reports, sophisticated criminal networks are using identity theft to disguise themselves as students at U.S. colleges. They flood colleges with applications in order to siphon off tens of millions of dollars in financial aid, taking up seats that real students need. Ali Rogin speaks with Fortune editor Amanda Gerut to learn more about this growing scam.

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