The Glory Has Departed


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Wednesday, April 19, 2017

Ecclesia on agency's watch list | NWADG



Ecclesia on agency's watch list | NWADG:


"SPRINGDALE -- The U.S. Department of Education placed Ecclesia College in Springdale on a watch list that affects the school's cash flow, according to the department's website.

Ecclesia is under "Heightened Cash Monitoring 2," an indication that the department is providing additional oversight of cash management, according to the website for the department's Federal Student Aid office.

Typically, colleges receive federal student aid funds on an "advance pay" or "direct reimbursement" basis from the Department of Education. Once an educational institution has been placed on the heightened-monitoring list, funds are released to the school after it has disbursed money to the student or parent borrower, and the school must submit manual reports. The process slows the affected college's cash flow.

Federal Student Aid may place institutions on the heightened-monitoring list "to provide additional oversight for a number of financial or federal compliance issues, some of which may be serious and others that may be less troublesome," the website states.
Arkansas Babtist College in Little Rock is the only other institution in the state with the same status.
Department officials did not respond to repeated requests made since Monday for information on how or why Ecclesia ended up with the heightened-monitoring designation.
It was unclear whether the designation is related to recent criminal allegations against the college's president, Oren Paris III."



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