Welcome To aBlackWeb

Don't call Tyrone when you have problems with your student loan.

Black Caesar

Active Member
*Cue Eryka Badu's "Tyrone"





I had to clown my cousin last night since she's a graduate of Howard University.


*UPDATED. Here is the ENTIRE article from Medium that was deleted:


Howard University Officials Stole Nearly $1 Million in Financial Aid Funds, records show
Note: For the safety of student whistleblower, he will be referred to as “Chase” throughout this article. Administrators who provided information in the spirit of transparency while risking their jobs will also be unnamed.

Records obtained by a Howard University financial aid administrator show that former financial aid officials received nearly $1 Million in financial aid funds between 2013 and 2017 in an office-wide scandal that involved at least four other senior financial aid administrators.

Accounts given by current and former employees and students familiar with the embezzlement scandal suggest that Howard University President Wayne Fredrick and his administration have been aware of this fraud since at least May 2017, despite making no public comments on the matter. Since that time, at least seven senior-level financial aid officials have either resigned or been quietly removed by the University. It is unclear whether the University has reported the theft to federal authorities or worked to recover any of the stolen money.

During briefings and public statements on the University’s fiscal health, Dr. Frederick has repeatedly said that the Office of Financial Aid is in about $9 million of debt, which he attributes to students’ failure to pay their tuition. At no point did the President in any public forum admit that the debt was in part due to his own staff’s theft and misallocation of funds.

The embezzlement was allegedly first discovered by a student employee, Chase*, who noticed that the office was dispersing refund checks nearing $100,000 in a single aid year. Federal law and financial aid policies limit the amount students can receive to the cost of attendance budget. In 2017–2018, this amount was just $43,501 according to Howard University’s website.

“I noticed irregularities in the type and amount of grants that were being awarded. And then I noticed that all of these grants were being awarded to my colleagues,” Chase said.
Phony grants were allegedly created and awarded to financial aid employees who were also registered for University courses. In some cases, these employees qualified for tuition remission and therefore weren’t charged tuition for their classes. Despite this, they still received large grants and scholarships that exceeded amounts generally awarded to normal students. These grants almost always exceeded legally allowed amounts.

In 2013, for example, the Associate Director of Financial Aid, Brian Johnson, received tuition remission, and despite this, also received “University Need Based Grants” totaling $35,400 one year and more than $68,000 the following year. These grants are intended for low-income students who are in desperate need of assistance and in danger of having their education disrupted by their inability to pay. The grant amounts usually range between $2,000 to $5,500 a semester. A current financial aid employee described the amount awarded to the former Associate Director as “unprecedented” and “illegal.” Total aid received by the Associate Director neared $200,000.


1*k8PE3_7f5OA49Ko6KLjSeA.jpeg



Unfortunately, however, this was not the last time a grant of that amount had been awarded. Between 2014 and 2017, another financial aid student-employee, Tyrone Hankerson, was repeatedly awarded a $65,000 “University Need Based Grant.” In 2014, Hankerson was awarded another $22,683 scholarship, labeled as a Mock Trial Scholarship. Sources who have been involved with the mock trial, including past leadership, say the team has never awarded a scholarship of that amount and wouldn’t even have had the budget to accommodate a scholarship of that amount.

1*DCYgFBkucdyYU1FlX4rg4A.jpeg


Also during that aid year, Hankerson received a $6,000 “study abroad scholarship,” another $5,645 university grant, a $21,000 “Trustee scholarship” and multiple other atypical financial aid awards totaling $429,612 over 4 years.

He routinely received financial aid awards that doubled and even tripled the maximum allowed budget. In addition to money received via financial aid, many familiar with the situation claim that Hankerson also received stipends for unspecified amounts from the Office of Student Life & Activities and the Student Employment program.

While the records obtained show just 12 cases of embezzlement or financial aid fraud between the two officials, the whistleblower and other University officials say this is just the tip of the iceberg. A senior level University official who confirmed the embezzlement suggested that the problem was so widespread, it went far beyond the Office of Financial Aid and involved many more employees and University offices.The President’s Office had no comment on this story.


Here comes the best part, the meme's and photos:



















tyrone-twitter-5.jpg






tyrone-twitter-2.png
 
Last edited:
shiiiiiiiiiiiiiiiiiiiiid

you crazy if you dont think he will have to do some sort of restitution to pay that money back

thats tax payer money
i mean now.....but that s if there are charges filed or a suit is brought against him and his co D by students...cant be the university cause they are complicit......as it stands right now in the clear
 
i mean now.....but that s if there are charges filed or a suit is brought against him and his co D by students...cant be the university cause they are complicit......as it stands right now in the clear
brah, there will be charges

either by the students or the feds

he not just gon escape into some black hole
 
brah, there will be charges

either by the students or the feds

he not just gon escape into some black hole
i hope its coming...i wanna see this shit play.....there will definitely be a justice Department Investigation and review of the financial aid system...that faggot may have fucked shit up way more than we think
 
Shit like this plagues (some) HBCU's. Sad as hell to say, but there's usually some type of phuckery afoot when it comes to money @ some of these institutions.

I know several people who graduated from Bethune Cookman, TSU and FAMU especially and most of them have told me about how there was always something wrong when it came to financial aid/tuition or either @ the registrars office and it took time after time to get it rectified. smh
 
Last edited:
Back
Top