fraudsters are exploiting California’s community college system, which is designed for open enrollment, to steal millions in financial aid. The article explains that one in three applications is now believed to be fake, with scammers using AI tools like ChatGPT to facilitate their fraudulent applications. This growing problem is diverting significant federal and state funds, forcing colleges to invest heavily in cybersecurity measures and requiring teachers to identify fraudulent students. The article also suggests that recent cuts to the Department of Education may worsen this issue.
Source :Moneywise
