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Report File
Date Issued
Submitting OIG
Department of Education OIG
Other Participating OIGs
Department of Education OIG
Agencies Reviewed/Investigated
Department of Education
Components
Federal Student Aid
Report Number
A02H0007
Report Description

We determined that TCI met requirements in the HEA and regulations for institutional (excluding the 90/10 rule), program, and student eligibility and for award calculations. However, our review disclosed that (1) TCI improperly paid $440,487 to FFEL lenders to pay off its students’ loans and prevent their default; and (2) TCI had internal control deficiencies in the administration of Title IV programs during the period under review.

Report Type
Audit
Location

New York, NY
United States

Number of Recommendations
13
Questioned Costs
$6,458
Funds for Better Use
$0
External Entity
Technical Career Institutes, Inc

Department of Education OIG

United States