ECU Pays Nearly $1,000,000 Back To Feds

An official says East Carolina University is repaying $935,000 in student financial aid that was given without proper verification.

ECU official Judith Bailey has told a Faculty Senate meeting that a review ordered by federal auditors of financial aid shows 782 grant and loan awards were unverified. In most cases the tax forms attached to the applications lacked signatures.

ECU students received about 25,000 awards in the 2005-2006 academic year. Bailey says a new verification system has been instituted.

A former ECU employee and two students pleaded guilty earlier this year for their roles in a scheme to give cash kickbacks to students who applied for aid.

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  • by Jane Doe Location: Greenville, Nc on Nov 9, 2007 at 03:16 PM
    While it's a shame what has happened with the Financial Aid situation currently at ECU. I myself am an employee there and just wanted to add something. The newscaster said tonight that the new "Banner" system would fix these glitches. While that may happen in the future, when Banner was implemented this Fall a LOT of students had to wait weeks for their financial aid checks. And also people that paid their tuition themselves on one day, the very next day the Banner system dropped their classes. So basically the Banner system took the student's tuition payment and removed the classes from the students enrollment. And those that had to wait for the financial aid money to come through were left stranded for weeks. So this "Banner" system is not a cure all for what is happening at ECU. In fact it's caused more problems for students who are trying to become educated and ECU is making the easiest part in getting a degree, the payment portion, more difficult than their actual classes.

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