Tuesday, November 19, 2024 | 12 - 1 p.m. CT

Event Overview

The COVID-era emergence of progressively advanced AI and more sophisticated bots has inevitably yielded increasingly complex fraud schemes, and higher education institutions are prime targets. It is imperative for schools to proactively prepare for and manage fraud risks now versus reacting to a crisis later. Hear from a Certified Financial Aid Administrator® with more than 20 years of experience in higher-ed—including surviving a school’s cybersecurity attack—and a Certified Fraud Examiner/Certified Forensic Examiner who specializes in internal control weaknesses that can lead to fraud, as they discuss ways to insulate your institution against both internal and external attacks. We will provide an overview of the types of fraud prevalent in higher education, beginning with bogus admissions applications, but with a specific focus on threats to financial aid funds. We will also delve into case studies and real-life examples to illustrate the tactics used by fraudsters to exploit vulnerabilities in the system and explore proactive measures to mitigate these risks. Help your school recognize red flags indicative of potential fraudulent activities, and implement best practices for combating and reporting fraud incidents.

Learning Objectives

Determine the most common fraud schemes in higher education
Analyze true case studies in higher ed fraud and the resulting consequences
Explore strategies to implement to detect and mitigate fraudulent attempts

CPE Information

CPE Credits - 1
Field Of Study - Specialized Knowledge
Level Of Knowledge - Basic
Delivery Method - Group-Internet Based

How to Maximize Loan Forgiveness

Step 1: Understand eligible expenses

Step 2: Understand the impact of payroll

Step 3: Track expenditures

Step 4: Apply for forgiveness