… that through AI that bots were getting loans, ghost students were getting loans not only in our country, but they were applying outside of our country and getting loans here. We have already saved a billion dollars through new credential verification in the FAFSA program. And I believe we had a press release that went out yesterday or today even talking about the new program that we were putting in place for colleges and universities online. (04:09–04:17)
CLAIM
Asserts that $1 billion has been saved through new credential verification in the FAFSA program.
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