City Colleges of Chicago to Repay $4.3 Million in Federal Aid

City Colleges of Chicago have settled with the U.S. Department of Education over disputed federal aid payments, the Chicago Sun-Times reported. The $4.3 million settlement grew out of a 2009 department review of aid payments made to student at the Chicago system's Kennedy-King College. Some of the college's paperwork to document federal aid disbursements included instances of forged signatures of students and parents, according to federal and internal reviews. City Colleges made changes to its financial-aid processes after the problems emerged, officials told the newspaper.