$6.2 Billion Dollars in Improper Payments
Annually
In 2023, the US Department of Education estimated that $6.2 billion of the total $127 billion in payments were considered “Improper payments”, accounting for 4.8% of the total FSA disbursement
Cheating or FSA Fraud​
The problem is the same.
Lax Identity
Verification
To Catch a Thief or a Cheater
Requires Similar Forensic Techniques
"Fraud rings are enabled in part by the increasing use of online college admissions with lax identity requirements and the increasing use of online courses and programs with lax identity requirements.
Once a ringleader and group of straw students are admitted into an online program, the fraud ringleader must rely on cheating, which can be easy in online courses at schools with lax identification requirements."
- Owen, Robert S. (2016)
Cheating in Online Courses for Financial Aid Fraud in the U.S.,
High Security Gesture
Biometric Authentication
Cheaters and Con Artists Thrive on Lax ID Authentication
BioSig-ID stops cheating and fraud through advanced gesture biometric identity verification, ensuring only authorized users gain access. This technology addresses gaps left by weak ID authentication, protecting institutions from FSA fraud.
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Use on any device with a...
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Finger
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Mouse
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Stylus
No Hardware - No Downloads
Detect Red Flags Linked to Criminal "Tricks"
With BioSig-ID you can detect red flags like...
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Fake students (Student are not actively participating, as if they are not a real person.)
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Same passwords
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Suspicious Location
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Failed courses
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Same IPs
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and much more.
Fight Fraud at Every Entry Point
Dramatic
Reduction in
Improper payments risk
1. Student Enters School Admission System
2. Online college application protected by BioSig-ID
4. Ensure academic interaction with BioSig-ID
RSI in class - 4 weeks
5. BioSig-ID monitors activity within
SIS, applications, and LMS
6. Periodic BioSig-ID authentication
checks
7. Policy: Disbursements only allowed after successful
BioSig-ID authentication
3. Students authenticate with BioSig-ID before submitting
Stops bots and fakes
Let's Work Together to
STOP FSA Fraud in Its Tracks
Financial student aid fraud is a serious issue that undermines the integrity of education and imposes a significant financial burden on society. It is our collective responsibility to combat this cash grab and ensure that financial aid is distributed fairly and equitably to deserving students.
BioSig-ID is committed to enhancing the security and authenticity of the financial aid process. By implementing cutting-edge biometric identification technology, BioSig-ID aims to prevent fraud and protect the resources that are vital for students' educational pursuits. Together, we can safeguard the future of education and ensure that financial aid benefits those who truly need it.