Student Financial Aid Audits | Origin: FA110
This is a general discussion forum for the following learning topic:
Developing an Efficient Financial Aid Office --> Student Financial Aid Audits
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Consequenses of dishonest behavior
Most schools never regain eligibility after loosing it
This highlighted the need to two audits per year to ensure accuracy.
Ensuring all reporting is accurate and correct is criticle, the fines can cause a shut down of a school.
Huges fines and jail time for fraud.
Accountability is to be taken seriously because the consequence is having to pay huge fines and possible jail time!
Make sure to do everythng correctly. Because the fines are big!
A termination ends a school's participation in the FSA programs.
Oversight and accountability are to be taken seriously. As such, we must be detailed and timely in all that we do.
Ways to get fined and the cost and consequences for the school.
