Feds want back $15 million from Pa. student loan agency

The federal government is asking Pennsylvania's student-loan agency to repay as much as $15 million that officials say it received in excess loan subsidies over a two-year period.
The U.S. Education Department outlined its request today in a letter to the Pennsylvania Higher Education Assistance Agency.

The department's inspector general released an audit in November saying PHEAA was overpaid $35 million in federal subsidies over a three-year period. But department officials say they didn't accept all of the audit's findings.

PHEAA spokesman Keith New says the agency has been negotiating with the department over how much money, if any, it should repay the government. The negotiations are part of a separate federal program review of the subsidy payments.

Story

No comments: