10/16/2026
Financial aid fraud has evolved from a campus-level concern into a national threat. Annual losses surpassed $100 million by 2023, a tenfold increase from the less than $10 million reported annually before 2020.
Fraud prevention is stronger when institutions work from shared insights, not siloed data. Nelnet Refunds leverages a fraud prevention network spanning hundreds of institutions and more than 2 million profiles. When a bad actor targets one campus, the network helps identify those same patterns elsewhere, allowing institutions to spot suspicious activity before refunds go out.
Protect your institution with a network that protects hundreds of campuses: https://na2.hubs.ly/H08dZqY0