Audit Reveals Misallocation of Funds at North Carolina A University
A state audit has uncovered that North Carolina Agricultural and Technical State University improperly allocated over $5 million in financial aid, including $780,000 to students with personal or professional connections to university officials. The audit, requested by the university's current leadership, found that funds were awarded without merit or need-based criteria. The university plans to seek restitution from responsible employees, and the State Bureau of Investigation will review the findings. The audit highlights systemic issues in the university's financial aid distribution, raising concerns about compliance and ethical conduct.