Thursday - May 14, 2026
CBO Issues Cost Estimate for Student Aid Fraud Oversight & Accountability Act
May 14, 2026
WASHINGTON, May 14 -- The Congressional Budget Office issued the following cost estimate for the Student Aid Fraud Oversight and Accountability Act (H.R. 7891).

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H.R. 7891 would require the Department of Education to prioritize the review of institutions of higher education that disburse federal student aid to applicants without providing proof that they verified an applicant's identity, if such applicant has been flagged by the department's fraud detecti . . .

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