March 30, 2001
Parents and Financial Advisers Charged With Federal Student-Aid Fraud
Eighteen parents and seven financial-aid advisers in the Chicago area have been charged with federal student-aid fraud for allegedly obtaining more than $2.6-million in funds by purposefully underreporting their income on financial-aid applications. Two of the aid advisers worked at colleges.
The government also has filed more than 100 civil lawsuits against parents who are accused of fraudulently obtaining smaller amounts of Pell Grants. Nearly all of those cases are being resolved
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