Student Loan Fraud Up 82% Under Obama


There are a lot of things that seem to be rising sharply under Obama. And they usually involve words like “Fraud” and “Waste” and rarely words like “Economic Improvement” and “Job Growth.”

I wonder if these two things aren’t perhaps connected.

The results have been devastating to taxpayers: an 82 percent increase in student loan fraud since 2009 and at least $187 million in losses. Investigators say the actual losses could be as high as $874 million.

A new assessment by the department’s internal watchdog, the inspector general, found officials were not using basic digital investigative tools like checking Internet Protocol (IP) addresses or verifying email addresses, allowing easy avenues for defrauding federally backed student loans.

The inspector general first flagged the concerns about fraud in January and this month renewed the concerns with a subsequent mention in its semiannual report to Congress.

Obama Inc. never even got around to instituting basic credit card security measures for its campaign contributions. Somehow I don’t think it’s going to run to shut off the gravy train for its base. Criminals.


  • spin43

    Majority of students prefer Obama to be a dictator so they can ignore their debt and live off others. Remember Obama’s seventeen parking violations in Cambridge? He didn’t pay them until he decided to run as president. Who paid for his college expenses?

    • Santa Chuck

      All of his college expenses were paid for by an anti-Israel Muslim Saudi prince.

      In 1987 Bill Ayers solicited Khalid Abdullah Tariq al-Mansour (a.k.a.
      Donald Warden) to raise money for Obama’s Harvard Law School education.

      al-Mansour is an orthodox Muslim, a black nationalist, an outspoken
      enemy of Israel, and mentor to Black Panther Party founder Huey Newton
      and his cohort, Bobby Seale. At the time al-Mansour associate Percy
      Sutton was raising money for Obama’s education, al-Mansour was the top
      financial advisor to mega-billionaire Prince Alwaleed (Alwalid) bin
      Talal of the Saudi royal family.

      And from 1988-1991 Obama attended Harvard Law School completely at al-Mansour’s expense.

      • pupsncats

        And no one wants to expose the truth about Obama’s background. How did America become a nation of fools, corrupt and criminal, immoral and suicidal?

        • Santa Chuck

          In order to manipulate blacks and garner more power for the Democratic party, Liberals have always sought to take from earners and give it to the lazy. They have brainwashed the majority of blacks and now a large portion of the whites as well to believe that they are oppressed and therefore are entitled to other peoples stuff. Look at the “occupiers.” Here we have a large number of people who would rather suck at the teat of big government than stand on their own two feet and become adults.

          “I’ll have those niggers voting Democrat for 200 years.” – Lyndon B Johnson

  • LoneRangler

    Whatever happened to Sheriff Biden? He was supposed to clean up corruption.

  • Always On Watch

    See Shakespeare’s Hamlet. Trickle-down corruption!

  • MrsMuir1


  • ziggy zoggy

    How are the scammers committing fraud? Doesn’t student aid go straight to a college for tuition, which later refunds any remainder to the student? Most colleges even split refunds into two separate payments during the school year. That’s how mine does it.
    I suppose swiping an entire loan is an effective way to avoid the usurious interest rates but I have no idea how they do it.

  • Leyla Miln

    As I can understand the investigation was not using all necessary instruments to find people who were guilty and to punish them. And I think that such decision was made not by investigations and they were told to do this. Moreover the student debt is just growing all the time and it seams to be a strange way of forgiving it. However I still don’t think that such system will be beneficial and will solve existing monetary problems in economical and financial situations. Moreover people still deal with loans online in Prince Edward Island and this is the other problem of the way of living in debt.

  • Ed Turlti

    Student debt is so high in North America that it’s no wonder people are trying to defraud student loans. Students may just be better off connecting with a loan shark in a seedy back alley, or skipping the border and getting loans online in Canada to try to elevate their education.