Fake student loans a problem...

Criminal gangs have obtained millions of pounds in student loans by enrolling "ghost students" in universities, a BBC investigation has found. The University admissions body, UCAS, recorded a large increase in suspected fraud to 1,500 cases in 2006.

One fraudster enrolled himself on five different degree courses at the same university and had 17 fake identities.

He collected student loans worth £65,595. His conviction has highlighted flaws in the loans system and UCAS is to double the size of its anti-fraud team to cope with the rise in financial fraud.

Full story [here]