Saint Mary-of-the-Woods Must Return Title IV Funds

Document:

Chronicle of Higher Education, 4/4/12

Summary:

News brief regarding a new report from the Department of Education's Office of the Inspector General that found that the small Catholic school should return $42 million in Title IV funds received between 2005 and 2010. The audit reached this conclusion by finding that more than 50% of the institution's students were enrolled in correspondence courses. The audit defined the online courses as correspondence courses in this case.