Winston-Salem State to repay $1.15 million
Tuesday, November 18th, 2008
By Staff
WINSTON-SALEM - A public university says it will repay the government and lenders more than $1 million for loans and grants given to ineligible students.
Winston-Salem State University said it would repay $1.15 million over the next three years, the Winston-Salem Journal reported Monday.
A review team said the university owes $710,855 to the U.S. Department of Education and $437,901 to lenders of subsidized loans. The review was prompted in 2006 by a tip to the Department of Education.
At issue were students who got $1.15 million in aid, then dropped out and didn't tell the university. The review said the university had difficulty tracking students who withdrew from classes. It also said the university's academic standards weren't stringent enough to meet federal rules for student aid. (more…)
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