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Every year the Department of Education makes billions of dollars of loans available to students to help them pay for higher education at public, private non-profit, and private for-profit (also known as proprietary) schools. In order to qualify for these funds, however, both students and schools must satisfy certain eligibility requirements. Cases of student loan fraud often involve institutions of higher learning making false statements to the Department of Education in order to meet these requirements. The following are common fraudulent schemes employed by schools to enable otherwise ineligible students to qualify for federal student loans:
Educational institutions may also commit fraud by failing to abide by certain Department of Education regulations for which compliance is required in order to qualify and maintain eligibility for receipt of federal student loan funds. Examples of such fraud, generating potential whistleblowing cases, include:
If you have information that an educational institution has committed one of these types of frauds, you may be able to blow the whistle by pursuing a qui tam lawsuit. Under the False Claims Act, a successful qui tam whistleblowers can receive an award of between 15% and 30% of the amount recovered.
If you’re aware of fraudulent actions on the part of an educational institution, contact the whistleblower attorneys of Tycko & Zavareei LLP at 202-973-0900 to learn how we may be able to help.