More fraud and abuse

Even student loans aren’t safe when it comes to finding new ways to rip off taypayers.

The feds have caught a student loan company in Pennsylvania cooked the books to skim $34 million from Uncle Sam.

Sounds like these guys should be teaching economics.

Audit Finds Misuse of $34 Million Student Loan Subsidy – The student loan corporation in Pennsylvania improperly exploited a subsidy program to collect $34 million from the government, according to a new federal report. [Washington News]