Financial Aid Audit

sblake7
Sun, 11 May 2008 00:49:21 +0000

If the unreported income is significant, they may also take a look at the last two years, and ask for those tax returns. Somewhere in the fine print when you accept the grants, you likely certified that the info you submitted in order to get the grants was correct, and you likely acknowledged that the grants would have to be repaid if the information was materially incorrect.

They’re asking for bank statements now-- they already have the tax returns-- so they’re digging deeper. No good will come of this.

Competent legal advice may be in order.