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Lapses in financial-aid oversight could cost Cheyney University $29 million

Lapses in financial-aid oversight could cost Cheyney University $29 million

PHILADELPHIA — Cheyney University failed to follow federal financial aid regulations and may owe the government more than $29 million, according to the Pennsylvania State System of Higher Education, of which Cheyney is a member. The university could not provide high school transcripts for 45 percent of the students who received aid from 2011-2014, according to a review of nearly 4,400 student records. And the university could not substantiate that some students receiving aid were making the required progress toward a degree. "It appears as if a large percentage of students who received grants and loans were not eligible or should not have received the level of funding that...

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