Today, Treasury announced that @FinCENnews has identified approximately $270 million in suspicious financial activity potentially linked to fraud against federal student aid programs. FinCEN has referred these findings to federal investigators to pursue potential fraud schemes targeting federal student aid programs and help ensure those responsible are held accountable. These referrals underscore the Trump Administration’s commitment to eliminating fraud, protecting taxpayers, and safeguarding the integrity of federal student aid programs.

Oct 19, 2026 · 9:28 PM UTC

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Student aid just printed a fraud ledger. Treasury/FinCEN flagged ~$270M in suspicious student-aid activity — nearly 100 SARs, 20,000+ transactions referred to investigators. Who clears that refund clears when ghost enrollments meet the taxpayer bill.
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Is there any financial agency in our government that hasn't been ransacked by fraud? Where's the money going and to whom??
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270 MILLION DOLLARS in likely Federal Student Aid FRAUD. I won’t be one bit surprised if significant amounts of that money was funneled overseas.
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Starting July 1, 2010, all new federal student loans had to be issued through the William D. Ford Federal Direct Loan Program, with the U.S. Department of Education as the lender (cutting out the private-lender “middlemen” and associated subsidies). No new FFEL loans were allowed after June 30, 2010. fsapartners.ed.gov This was implemented by President Obama and the Democrats that held the majority in the House and Senate at the time. Does any of this fraud surprise you?
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Can you please look into the outrageous interest rates? My daughter has never missed (or been delinquent) making a student loan payment. The exorbitant interest rate is like a monthly beat-down. Between those rates and being taxed at 22%, she's sorry she became a registered nurse and not a single welfare mother with 5 children...
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Stop issuing federal student loans
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Republican fascist party put another $1 TRILLION deficit in US budget 2026! You can find that money in Trump family and it's chrony billionaires assets!
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The student loan debt collectors depositing copies of promissory notes already deposited with banks? Banks admitting in recorded video that’s bank fraud Going after them? Or the makers who gave value to the note?
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imagine trying to pay for college while someone else is allegedly gaming the aid system.
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Notice who flagged this: banks, watching for the word refund on aid payments. Treasury says it isn't a full count. The schools enroll the students and send the money, yet the alarm came from the bank at the far end of the transfer.
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Then tell the motherfucker to quit pardoning the WORST FRAUDSTERS, so that the people they stole from wouldn’t be compensated. You clearly are working at cross purposes with reality & your boss is NOT IN FAVOR of eliminating fraud, he only wants to commit more for himself.
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Our entire tax base is spent on fraud. And it's still not enough for those SOBs
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The more fraud sucked out of government programs will balance the budget. With the massive increase in producing products in USA. Thank you
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I don’t just want the money back. I want these people in prison or deported or whatever.. but we want justice
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Classic Trumpism - the King of Fraud is pointing at someone else! Trump made $2B+ in fraud and grift. This is 1/10th of what he has done!
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you folks need to make the grifters afraid.
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But these are ok🙄
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The amount of actual retards championing the end of all student aid proves their plan to dumb down the population to a compliant set of unquestioning government drones is working PERFECTLY
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Treasury's FinCEN flagged about $270 million in suspicious activity tied to federal student aid and sent it to investigators. Money mules. Shell companies. Fake accounts. Taxpayer money is finally getting a guard. Good work.
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That’s all? Keep looking. It’s been there for years, probably lining Congress’ pockets
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Don't tell Trump about fraud. He'll just try to pardon them.
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The number that matters is 20,000 transactions behind 100 reports. Each bank saw its own slice. The case only appears when you line up payees, addresses, and refund timing across institutions, and the same handful of accounts keep showing up.
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Yay
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Hmm, like all those BoA officials that allowed money laundering and breached federal sanction laws? When will they be arrested?
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270 million flagged out of a program that size. curious what share was ghost enrollment versus identity theft
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Going after those who cant afford to pay these loans back bc of trumps policies is disgisting!
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Just end it.
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🇺🇸🏛💎💙🗽💪✨️♦️❤️👍😍💯🇺🇸
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We need prison sentences ! Please investigate ACT BLUE ASAP !
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@USTreasury @FinCENnews
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The fraud is in the Whitehouse. – at Bryn Mawr, WA
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wait can money really be shady like a person 😏
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Stop giving kids government loans.
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End all college funding until the communists are exiled. Including H1B's
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🇺🇸🙏🏻🇰🇭😭
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