If it can be proven that LendEDU or any other student loan company profited from their statements, this is a picture case of wire fraud. 18 U.S.C. §1343 [1] for reference, states that "whoever devised or intended to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations [...]"
They did not disclose their connection to LendEDU and if LendEDU profited from their fraudulent pretenses or representations then there you have it.