Imagine all the things your institution is doing to fight the high cost of higher education. Are you facing increased pressure to find efficiencies, reduce lab, book, and other classroom costs? Are you being challenged to rethink things that effect the way you teach? As you and your administration work so hard to save a few dollars, consider this:
According to the U.S. Department of Education, between 2011 and 2014, around $200 million was lost to financial aid fraud. That’s a staggering amount of money. Imagine how many honorable students could have received an education if the fraud was caught earlier – or prevented altogether.
Recently, ProctorU helped a private Midwestern non-profit school save nearly $6 million dollars by assisting in breaking up a financial aid fraud ring. At first, the institution was looking for a proctoring service to help their distance learning students save time. Because ProctorU requires a multi-layered identity authentication process, far superior to the typical challenge questions some solutions offer, much more was discovered about the identity of test-takers. Shortly after the partnership with ProctorU began, the institution was made aware of identity inconsistencies in the student body. These inconsistencies were enough to launch an investigation that allowed the institution to finally rid themselves of a sophisticated criminal group that had been robbing them.
How can you tell if this brand of criminal is infiltrating your school? In our look at Cheating in the Digital Age, there are a number of red flags to look for, including:
How can your school avoid costly repercussions related to financial aid fraud?
1. Evaluate current policies
2. Find an online proctoring service that meets your needs
3. Be an active party to your online proctoring service
What ever happened to the Midwestern school for which ProctorU saved millions? “We’ve seen a drop-off in enrollment because of these protections, which worried our president at first, but, in the long run, it is saving us money and protecting our school,” explained the campus spokesperson. “It’s like having a sign for a security company outside your home.”
Are you ready to protect your institution and heighten online exam security? It’s never to early to ensure that you’re safe from financial aid fraud. How much money can you save your school?