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Student Loan Fraud: More Important Than Education

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In essence, fraud is defined as deceit where a person trusted with funds or property by another decides to misuse them. A student, for instance, is said to commit student loan fraud if they are perceived to engage in improper behaviors (Ryder, 2011). Inappropriate behaviors, in this case, refer to decisions such as using the student loan for purposes other than education, failing to repay the loans as agreed on and taking education aids when an individual does not intend to go to school. These are some of the actions that result in a person being charged with student loan fraud.
Financial institutions and organizations that offer to assist students with education money expect the individuals to repay these funds in future. However, some of

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