Falsifying Applications for Student Loans Could Bring Big Trouble

The need for student financial aid is ever-present, and today's tough economy has left students scrambling for money to attend college. Federal student loan limits, combined with spiraling tuition costs and the current recession, mean that federally guaranteed student loans — those backed by the federal government — will often only cover part of the entire cost of a college education, leaving students to fill in the gaps with private student loans, parent student loans, personal savings, and family contributions.

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