ERIC Number: ED404917
Record Type: Non-Journal
Publication Date: 1996-Nov-15
Reference Count: N/A
Interboro Institute, Report 93-T-5.
Attmore, Robert H.
The New York State Office of the Comptroller performed an audit of Tuition Assistance Program (TAP) and Supplemental Tuition Assistance Program (STAP) awards at the Interboro Institute (New York) for the 1989-90 through 1991-92 academic years. Interboro Institute is a proprietary degree-granting school that offers various programs leading to two-year degrees in occupational studies. TAP and STAP are student grant and scholarship programs administered by the Higher Education Services Corporation (HESC) to provide tuition aid to full-time students enrolled in approved programs. According to HESC's records, Interboro received 5,600 TAP and STAP awards totaling $9,343,317 on behalf of 3,056 students from 1989-90 through 1991-92. Out of a statistical sample of 200 awards totaling $340,354 for 192 students, 112 awards totaling $189,664 were disallowed. Awards in the sample were disallowed because students were not matriculated, were not in good academic standing, or were not meeting residency requirements. A statistical projection of audit disallowances to the entire population resulted in an audit disallowance of $4,751,877 which the auditors recommend that HESC recover with interest. The audit also noted violations of Public Health law, failure to promptly credit students for loan funds, misgrading of entrance exams, and failure to require a minimal passing grade for admissions. (JLS)
Descriptors: Accountability, Audits (Verification), Career Education, Compliance (Legal), Educational Finance, Eligibility, Financial Audits, Financial Support, Full Time Students, Grants, Inspection, Postsecondary Education, Program Administration, Proprietary Schools, Scholarships, Student Financial Aid, Two Year College Students, Two Year Colleges
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: New York State Office of the Comptroller, Albany.
Identifiers - Location: New York