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Audit: GSU Didn't Return Funds on Time; Could Face Sanctions

A legislative audit reveals Grambling State University failed to return federal money in the proper timeline.
Grambling -- A legislative audit reveals Grambling State University failed to return federal money in the proper timeline.

Nearly $15,000 in Title IV funds were not returned to the federal government after several students withdrew from the university.

The audit says a test of 49 students who withdrew from the university revealed that the university did
not determine the unofficial withdrawal dates for 43 students within the required 30 days.

The university did not return the related federal funds for eight of these students within 45 days of determining the withdrawal dates, a move that is required by federal regulations.

The University says it will develop a unique timeline for current and future semesters to ensure that dates of withdrawals will be determined within 30 days and funds will be returned within 45 days of the date of the withdrawal.

GSU could be sanctioned or even have some access to federal aid programs terminated. 
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