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Howard University Restored to Advanced Payment Method by Department of Education


WASHINGTON, Dec. 17, 2019 /PRNewswire/ -- On Monday, the School Participation Division-Philadelphia/DC of the United States Department of Education notified Howard University that it has been removed from the Heightened Cash Monitoring (HCM1) method of payment. Howard has been returned to the advanced method of payment, effective immediately.

Howard University (PRNewsfoto/Howard University)

Under this new method of payment, Howard may now draw down Title IV funds without approval from the School Participation Division-Philadelphia/DC. Howard is no longer required to make disbursements to eligible students with institutional funds before drawing down funds from the Department of Education.

"We've been very diligent in partnering with the Department of Education to improve our Office of Financial Aid to more effectively administer aid and improve levels of service provided," says President Wayne A. I. Frederick. "We will continue to work closely with the Department of Education and other entities to improve service and continue to provide the world-class education that our students deserve."

In April 2018, the Department of Education began an extensive program review and, in August 2018, elected to place Howard University on Heightened Cash Monitoring 2 status to closely monitor the institution's financial aid management. On June 27, 2019, Howard University was removed from the Heightened Cash Monitoring 2 (HCM2) method of payment and elevated to Heightened Cash Monitoring 1 (HCM1). Today's announcement returns Howard University to its original advanced payment method.

Since April 2018, Howard University has implemented the following improvements:

"In alignment with our five-year strategic plan, our journey of continuous progress is well underway. Further improvements and enhancements continue to occur in our enrollment management area, which includes our financial aid office," says Frederick. "This demonstrable success is testimony to the incredible leadership by senior members of my team and the Office of Financial Aid to quickly implement enhancements to move Howard Forward."

Media Contact: Alonda Thomas, [email protected]

 

SOURCE Howard University



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