<ul data-eligibleForWebStory="true"><li>Scammers are using AI to exploit student loan fraud and enroll people in fake classes.</li><li>AI-powered bots mimic real applicants, automate processes from applications to coursework.</li><li>These sophisticated bots can participate in classes, attend lectures, submit assignments without human intervention.</li><li>The primary goal is to divert financial aid - loans, grants - to scammer accounts.</li><li>Individuals face identity theft and fraudulent debt under their names due to these scams.</li><li>Online education normalization and AI tools contribute to the rapid growth of this issue.</li><li>California community colleges reported 1.2 million suspicious applications leading to significant financial loss.</li><li>Scammers use AI to automate complex identity theft and fraud, posing a serious threat to online education.</li></ul>

Scammers Using AI To Steal Loans And Fake Classes

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