Student-loan borrowers just got an added layer of protection from schools that take advantage of them 'to make a quick buck'
that the Enforcement Office within Federal Student Aid will begin using secret shoppers to keep an eye on schools participating in federal financial aid programs.
Findings from secret shopping will be used as evidence to support any investigation the department will conduct into a school that could be engaging in predatory behavior. "Secret shopping is another tool in FSA's toolbox as we expand our oversight work to hold predatory schools accountable," FSA Director Richard Cordray said in a statement."Our focus—as always—is to ensure that students, borrowers, families, and taxpayers are not being preyed upon to make a quick buck.
"Consequences for schools that violate these prohibitions could include the termination or limitation of a school's participation in the Department's federal student aid programs," Kristen Donoughue, FSA's chief enforcement officer, wrote in the blog."In addition, borrowers subject to such misrepresentations or fraud could be entitled to a discharge of their student loans, and the offending schools could be liable to repay those funds.
"I served during 9/11, and it's frustrating that the university recruited us and then wouldn't take our GI benefits," she
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