Criminals are stealing identities to enroll as fake ghost students at community colleges and pocket federal financial aid. Over $350 million investigated. Here’s how to check if your family is safe and protect your children’s credit.
Quick Answer: Sallie Mae loan fraud occurs when someone uses another person’s information to secure additional loans beyond what was originally cosigned. The cosigner discovered seven loans totaling $37,000 instead of the two loans worth $18,000 they actually signed for, and should immediately dispute unauthorized loans with Sallie Mae’s fraud department despite claims about time …
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