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Kentucky Is Investigating Finances of a College Once Led by Weld
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Contributor | RP |
Last Edited | RP Oct 06, 2005 01:59pm |
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Category | Investigation |
Media | Newspaper - New York Times |
News Date | Thursday, October 6, 2005 07:00:00 PM UTC0:0 |
Description | The attorney general of Kentucky said yesterday that his office is investigating for possible violations of the state's Consumer Protection Act a business college that was led until recently by William F. Weld, who plans to run next year for governor of New York.
The inquiry comes after the United States Education Department notified Mr. Weld, in a Sept. 30 letter, that the management of Decker College in Louisville had committed "a severe breach of its fiduciary duty" and owed $7.2 million to the federal government.
According to the letter, the college offered three degree programs in construction trades that it was not accredited to offer. Decker had told its accrediting agency that most of the construction courses would be taught on its campuses, the department said, yet a majority of them were conducted off-campus, using computers and other technology.
The college also failed to refund $7.2 million in federal aid awards to the Education Department after students who had received the aid withdrew from classes, the department said. Federal officials also accused the school of improperly accepting some federal aid when it had not been authorized to do so.
As a result, federal education officials have suspended the eligibility of Decker students to receive federal financial aid, including Pell Grants and Stafford loans. |
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