Student Aid Fraud Oversight and Accountability Act of 2026
Placed on the Union Calendar, Calendar No. 582.
Summary
The bill amends the Higher Education Act so the Secretary of Education must flag any institution that disbursed Title IV federal aid after October 1, 2026 to a student whose FAFSA raised a reasonable suspicion of identity fraud. Schools can avoid being flagged if they verified the student’s identity in person or via live video, followed the Secretary’s procedures, and reported the verification. The aim is to strengthen oversight of student‑aid fraud while giving schools a clear path to demonstrate compliance.
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