Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
MONTREAT, N.C. (AP) — Officials at Montreat College say the school's improved finances hopefully mean it will be removed from a federal monitoring list.
The Asheville Citizen-Times reports (http://avlne.ws/1CsE2GH ) that Montreat is among eight schools in North Carolina on the U.S. Department of Education's latest list of schools under "heightened cash monitoring." That means the government is watching them more closely to ensure they're correctly using federal student aid.
After Montreat's plans to merge with Point University in Georgia fell through last year, the college launched a fundraising campaign.
School spokesman Adam Caress says the private Christian college reached its $8 million goal by year's end, and the school's finances continue to improve.
Montreat College this week announced it's building a $2 million athletic complex, paid for by two donors.
___
Information from: The Asheville Citizen-Times, http://www.citizen-times.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
