New crackdown on college scams as millions in payments suspended

September 30, 2016

The federal government has suspended hundreds of millions of dollars in payments to 19 private colleges, as it moves to stamp out widespread rorting of the vocational education loans scheme.

Four top-tier accountancy firms — Deloitte, Ernst & Young, KPMG and McGrathNicol — are carrying out the forensic ­inquiries as the Department of Education launches its most ­aggressive action yet against the scandal-plagued sector, which has become a $3 billion drain on the public purse.

 

Read more here;

http://www.theaustralian.com.au/higher-education/new-crackdown-on-college-scams-as-millions-in-payments-suspended/news-story/cd3d5c1d9876fc865e1d75a0e6e40577

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