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Dept. of Education Announces New Anti-Fraud Squad

After allegations of misuse of student funds at Marinello Schools of Beauty, the U.S. Department of Education is creating a new unit to investigate similarly fraudulent spending at colleges.

The Department of Education already investigates colleges for fraudulent activity and has the ability to remove the school’s eligibility to receive financial aid. However, the new unit will position the department to move much more quickly, department officials said Monday.

As part of the 2017 budget, which the president will submit to Congress on Tuesday, President Obama is requesting $13.6 million in additional funds to strengthen the Department of Education’s Office of Federal Student Aid’s enforcement and oversight activities.

Read more at NBC News.

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