College Scholarship Fraud Prevention Act of 2000 Annual Report to Congress, May 2009

摘要

Every year, millions of high school graduates seek ways to finance the costs of a college education. In the process, they sometimes fall prey to scholarship and financial aid scams. To help students and their families, on November 1, 2000, Congress passed the College Scholarship Fraud Prevention Act of 2000 (Act), Pub. L. No. 106-420, 114 Stat. 1867. This Act established stricter sentencing guidelines for criminal financial aid fraud and charged the U.S. Department of Education (ED), working in conjunction with the Federal Trade Commission (FTC), with implementing national awareness activities, including a financial aid fraud awareness page on the ED website. The Act also required that the Attorney General, the Secretary of Education, and the FTC jointly submit to Congress each year a report on that years incidence of fraud by businesses or individuals marketing financial aid assistance services to consumers. As noted in previous years Reports, the Department of Justice (DOJ), ED, and the FTC have implemented all the provisions of the Act.