Audit Finds $8 Million Error At UL-Lafayette
LAFAYETTE, La. (AP) — A recent audit of the University of Louisiana at Lafayette shows an $8 million error in the university's reporting of tuition and fees for 2012-13.
The Advocate reports school officials say the university overstated tuition and fees by more than $8 million on a federal report to the U.S. Department of Education. The federal report — Fiscal Operation Report and Application to Participate — must be filed for the university to receive Title IV funding.
UL-Lafayette Financial Aid Director Cindy Perez wrote that the university implemented a corrective action plan to provide more oversight and review of the reporting process.
Officials say the data reporting error was unintentional.
Information from: The Advocate, http://theadvocate.com
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