- Lender Overcharged U.S. $1 Billion, Audit Finds
- Audit largely clears Education Department on gainful employment process
- Allegations of Misspent Financial Aid
- Quick Takes: U.S. Audit Slams Fifth Third Over Student Loans, Northeastern Ill. Withdraws Proposal on Protests, Effort to Save AP Italian Fails, Baltimore Hebrew May Merge Into Towson U., For-Profit Purchases
- Hitting Hard on Fraud
Financial information for-profit colleges submit to the U.S. Department of Education is inconsistent and generally not helpful, according to an audit by the department's Office of Inspector General. For-profits provide financial statements to the department as a requirement of their participation in federal financial aid programs. But those statements lack transparency, the audit found, because the presentation about instruction and marketing costs is not consistent across institutions.
Search for Jobs
Popular Job Categories