An Error With Consequences

Inside Higher Ed

July 16, 2010

An internal audit at Birmingham-Southern College found that the college had been overawarding financial aid to students and making accounting errors "that were misstating revenues and expenses," president David Pollick said. The errors, he added, had occurred because of "a breakdown in procedures and communication between financial aid and finance" offices at the college that may have been going on for as long as 20 years. One major result of that "breakdown," he said, was the awarding of Pell Grants on top of institutional aid packages, rather than within them.

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