Carolina State University
SACS Compliance Certification
August 15, 2003
Federal Mandate 4.7 (complies with Title IV regulations)
In addition to annual audits, NC State University took part in a federal program review of financial aid administration in 1995. The program review resulted in three minor findings; these have been resolved to the satisfaction of the Department of Education. We continue to operate according to the departments regulations.
NC State University has consistently demonstrated the ability to use federal aid allocations fully, to award funds within the established rules and regulations for each program, and to be accountable for funds expended. The FY 2000 Federal Family Education Loan Programs Cohort Default Rate for NC State University (the most recent rate available) is 3.2%, following a trend of similarly low rates that have ranged from 2.5% to 3.5% over the past five years.
The Secretary of Education can confirm that the university is in full compliance with Title IV of the 1998 Higher Education Amendments. Copies of the universitys most recent letter of recertification to participate in federal aid programs and copies of annual campus-based allocation letters are available in the NC State University Office of Scholarships and Financial Aid.