Home News Howard U is off cash monitoring, but some colleges linger under sanctions – Education Dive

Howard U is off cash monitoring, but some colleges linger under sanctions – Education Dive

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The HBCU had the resources to make the changes needed to shed the Ed Department’s oversight, observers said, but not all schools are in that position.

In 2018, Howard University landed on the U.S. Department of Education’s heightened cash monitoring (HCM) list with a bang.

The decision meant the institution, which was reeling from a massive scandal in its financial aid office, would no longer receive an advance from the Ed Department to cover its students’ financial aid. Instead, Howard would need to put its own money down and ask for reimbursement.

In a letter explaining its decision, the department cited “serious administrative capability issues” at the university, identified in audits from 2015 through 2017 and again during a program review in 2018. Among those issues were a lack of internal financial oversight and shoddy accounting practices.

To shed the sanctions, the university would have to make significant changes. And it did, by the Ed Department’s analysis. In December, the federal agency dropped Howard from the list entirely. While that announcement flew mostly under the radar, the university’s relatively swift turnaround highlights the bind that lesser-resourced institutions can find themselves in when it comes to the steps they must take to get off the list.

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