Financial Aid Fraud
In order to protect the integrity of its federal Title IV, State, and institutional financial aid programs, Edmonds College complies with all existing statutory and regulatory requirements. These include:
- Disbursing aid only to eligible students
- Identifying and resolving discrepancies in student information
- Ensuring all requirements regarding the regulatory definition of “regular students” status are met
- Reporting any suspected fraud to the Office of the Inspector General of the U.S. Department of Education
To that end, Edmonds College actively monitors, reviews, and reports on any suspected behavior or activity that may be used to fraudulently secure financial aid funds.
What is Financial Aid Fraud?
Fraud is the willful misrepresentation or falsification of information for the purpose of securing financial aid that the individual is not eligible for or not eligible to the extent received. Providing false information on any admissions application or Financial Aid documentation, including a student's financial aid application, is considered financial aid fraud. Financial aid fraud can take many forms, including, but not limited to, the following examples.
Examples of Financial Aid Fraud
- Identity theft
- Falsified information or forged signatures on an application, verification documents, or loan promissory notes
- False statement of income
- False statements of citizenship
- False claims of independent status
- Receipt of financial aid without the intent of use for educational purposes or intent to complete academic requirements
- Patterns of misreported information are false