The Trump administration’s new higher education rule ties federal student loan eligibility to graduates’ earnings, pressuring college programs whose students fail to meet federal earnings benchmarks.
The Treasury Department has identified approximately $270 million in suspicious financial activity potentially linked to fraud targeting federal student aid programs, the agency told FOX Business exclusively.
Treasury’s Financial Crimes Enforcement Network (FinCEN) has referred the findings to federal investigators for further review. The referrals are part of the Trump administration’s broader effort to combat fraud and protect taxpayer dollars.
“Federal student aid is intended to expand educational opportunities, not line the pockets of fraudsters who steal from students pursuing their education and hardworking taxpayers,” Treasury Secretary Scott Bessent wrote in a statement before…
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