"There is scarcely anything that drags a person down like debt."
Financial aid errors cost Broward College $5.6 million
Source Date:
Friday, January 12, 2018
Categories:
Broward College paid $5.6 million after a federal government review determined that more than 2,000 students received financial aid they weren’t entitled to.
The payment, imposed by the U.S. Department of Education, is significantly more than the $18,000 the college said in 2015 that it would likely have to pay after an initial federal review. At that time, the college acknowledged only that eight students were improperly paid.
The final amount became public this month after the education department, which oversees federal aid, posted detailed reviews for 242 colleges and universities completed during the 2016-17 fiscal year. Seven other colleges in Florida also were required to pay back financial aid dollars, including Barry University in Miami Shores ($106,304), Hillsborough Community College ($343,039) and Stenotype Institute in Jacksonville ($3.03 million).