American Commercial Colleges Inc. (ACC) has agreed to pay the United States up to $2.5 million plus interest to resolve allegations brought by two whistleblowers under the False Claims Act (FCA) that the school falsely reported it complied with certain eligibility requirements of federal student aid programs. The scheme allowed the for-profit private school to collect taxpayer money to which it was not entitled. Title IV of the Higher Education Act of 1965 mandates that in order to participate in federal student aid programs, for-profit colleges such as ACC must not obtain more than 90 percent of their annual revenues ... Read More
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