Team 4: Auditor General To Audit PHEAAPOSTED: 5:11 pm EDT April 17,
2007 The following is a transcript of a report by Team 4 investigator Jim Parsons that first aired April 17, 2007, on WTAE Channel 4 Action News at 5 p.m. Last month, Team 4 reported that Pennsylvania Auditor General Jack Wagner was considering an audit of PHEAA and on Tuesday, Wagner made it official.In a letter to PHEAA CEO Dick Willey, Wagner's deputy said the office is initiating a special performance audit of the Pennsylvania Higher Education Assistance Agency.The audit will cover a period starting July 2004, which would encompass the last two retreats board members attended, including the one at Nemacolin Woodlands Resort where PHEAA spent $135,000 in public funds.The audit will look at PHEAA's administration of the state grant program and evaluate compensation, benefits and expenses.The audit also comes during an ongoing investigation in New York of the college loan industry nationwide. In a letter back to Wagner, PHEAA's CEO said he welcomes the audit and is confident it will show the agency is a well-run and efficient business operation. Related Links: More County NewsGet RSS | E-Mail Alerts Copyright 2007 by ThePittsburghChannel. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. | TEAM 4 VIDEO REPORTS
 PHEAA Audit Finds Too Much Money On Perks, Seeks Board Overhaul June 7, 2006: Funding For PHEAA Trips Questioned Feb. 28, 2007: PHEAA Forced To Show Expense Records March 4, 2007: CEO Upset Over Exposed Travel Expenses March 8, 2007: New PHEAA Spending Details Emerge March 14, 2007: PHEAA Spending Still Under Fire March 20, 2007: Rendell Furious With PHEAA's Actions March 22, 2007: Board Member Confronted After PHEAA HearingMarch 23, 2007: New PHEAA Spending Details EmergeMarch 26, 2007: Gov. Talks PHEAA During SpeechApril 17, 2007: Auditor General To Audit PHEAAJuly 27, 2007: Personal Information Of PHEAA Borrowers StolenAug. 1, 2007: PHEAA Hands Out Big BonusesAug. 28, 2007: Sen. Joins Gov. Rendell In Call For PHEAA ChangesSept. 12, 2007: PHEAA Making $19M In Budget CutsSept. 26, 2007: PHEAA Student-Loan Agency's President Will Retire Oct. 4, 2007: PHEAA Spending Ripped Again; CEO ResignsJan. 11, 2008: PHEAA Board Member Accused Of Lavish Spending To Retire As State Rep.Jan. 25, 2008: Feds Ask PHEAA To Repay $15MFeb. 11, 2008: PHEAA Must Pay Legal Fees In Access Battle |
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