Audit Finds Mountain State Financial Aid Problems - Beckley, Bluefield & Lewisburg News, Weather, Sports

Audit Finds Mountain State Financial Aid Problems

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CHARLESTON (AP) -

An audit of Mountain State University's finances has found problems with the private school's handling of state financial aid for students.

The Charleston Gazette obtained the audit by the Higher Education Policy Commission on July 12. The newspaper said the audit found that more than $50,000 in state financial aid was never paid to students.

The audit also found that Mountain State gave six students more money than the state had allocated.

Mountain State has reimbursed more than $44,000 to the commission for financial aid that wasn't disbursed to students.

Brian Weingart with the commission attributes the problems to the financial aid office directors' lack of experience.

This week, a regional accrediting body revoked Mountain State's general accreditation. The school plans to appeal.

Copyright 2012 The Associated Press.