Question

1 Approved Answer

Posted on Jul 09, 2024

Read about how Shawn Davisons tuition rose from 10,020 to 12,100 and the Colleges justification for the rise. Then see Exhibit 3. What is wrong

Read about how Shawn Davisons tuition rose from 10,020 to 12,100 and the Colleges justification for the rise. Then see Exhibit 3. What is wrong with the Colleges story?

image text in transcribed

drawal Record and the student's Detail Ledger Listing. The costs charged in the student's Detail Ledger Listing should equal the costs indicated on the Enrollment Agreement, as illustrated in Exhibit 1. File #1: Shawn Davison The first student file you select to review is that of Shawn Davison. Two Enrollment Agreements are in the file. Both agreements are dated September 11, 1995, even though the first agreement indicates Shawn enrolled in the medical administrative assistant program on February 6, 1995, with an expected completion date of June 14, 1996. The total cost of attendance was calculated to be $10,020, as shown in Exhibit 2. The second Enrollment Agreement indicated that Shawn added word processing to her course of study. The total cost of attendance was now calculated to cost $12,100 (see Exhibit 2). While you are not a handwriting expert, you note that Shawn's signature on each enrollment agreement does not appear to be the same. Shawn withdrew on March 15, 1996. EXHIBIT 1 Agreement of Documents Chart Enrollment Agreement(s) (contract between IBC and student for cost of attendance] charges should agree Detail Ledger Listing (IBC- generated document for each student, detailing all charges and payments, and maintaining a current account balance" for the student) costs and financial aid should agree Withdrawal Record (if applicable) (summarizes program costs and payments, and calculates via a formula the amount of a refund, if applicable) Date Balance Comments Tax 02/01/95 02/01/95 02/06/95 02/06/95 02/06/95 02/27/95 03/05/95 03/07/95 03/08/95 03/08/95 03/08/95 03/08/95 03/10/95 04/05/95 05/05/95 06/05/95 06/12/95 06/27/95 07/05/95 06/08/95 08/05/95 EXHIBIT 3 Shawn Davison's Detail Ledger Listinga Item Payments Charges Book Fees 126.00 Book Fees 3.00 Tuition 10,500.00 General Fee 75.00 Medical Assoc. Fee 50.00 Pell 94/95 383.00 Student Stipend (310.00) Pell 94/95 767.00 Stafford 1st Yr. 1,260.00 Stafford 1st Yr. 1,260.00 Unsub Staff 1st Yr. 1,920.00 Book Fees 368.75 Unsub Staff 1st Yr. 1,920.00 Student Stipend (310.00) Student Stipend (310.00) Student Stipend (310.00) Book Fees 186.00 Book Fees 5.00 Student Stipend (310.00) Student Stipend (620.00) Student Stipend (620.00) 126.00 129.00 10,629.00 10,704.00 10,754.00 10,371.00 10,681.00 9,914.00 8,654.00 7,394.00 5,474.00 5,842.75 3,922.75 4,232.75 4,542.75 4,852.75 5,038.75 5,043.75 5,353.75 5,973.75 6,593.75 Tax VOTZ 779 2.UU (310.00) (620.00) (620.00) 767.00 255.00 15.30 (310.00) 66.00 07/05/95 06/08/95 08/05/95 08/07/95 08/07/95 08/07/95 09/05/95 09/12/95 09/16/95 09/16/95 09/15/95 09/15/95 09/19/95 09/19/95 09/27/95 10/05/95 10/02/95 10/02/95 10/10/95 10/10/95 10/05/95 09/25/95 10/30/95 BOOK rees Student Stipend Student Stipend Student Stipend Pell 94/95 Tech Fees Tech Fees Student Stipend Book Fees Stafford 2nd Yr. Unsub Staff 2nd Yr. Pell 95/96 SEOG 95/96 Book Fees Book Fees Student Stipend Student Stipend Book Fees Book Fees Tech Fees Tech Fees Book Fees Tuition Adj. Student Stipend 1,680.00 1,920.00 730.00 100.0% 3,043.75 Tax 5,353.75 5,973.75 6,593.75 5,826.75 6,081.75 6,097.05 Tax 6,407.05 6,473.05 4,793.05 2,873.05 2,143.05 2,043.05 2,121.05 2,075.05 2,385.05 2,695.05 2,758.05 2,712.05 2,988.05 3,004.61 Tax 3,037.61 1,287.61 1,597.61 (continued on next page) 78.00 (46.00) (310.00) (310.00) 63.00 (46.00) 276.00 16.56 33.00 (1,750.00) (310.00) 510 Peterson and Buckhoff Comments Date 11/07/95 12/05/95 12/09/95 12/09/95 12/11/95 12/12/95 12/12/95 12/14/95 01/05/96 01/09/96 01/09/96 01/04/96 02/05/96 03/05/96 03/11/96 03/13/96 EXHIBIT 3 (continued) Shawn Davison's Detail Ledger Listing Item Payments Charges Book Fees 25.75 Student Stipend (620.00) Stafford 2nd Yr. 1,680.00 Unsub Staff 2nd Yr. 1920.00 Pell 95/96 730.00 Book Fees 164.00 Book Fees 0.30 Student Stipend (310.00) Student Stipend (155.00) Tech Fees 276.00 Tech Fees 16.56 Student Stipend (155.00) Student Stipend (141.00) Student Stipend (141.00) Book Fees 55.00 Book Fees 50.00 Tax Balance 1,623.36 2,243.36 563.36 (1,356.64) (2,086.64) (1,922.64) (1,922.34) (1,612.34) (1,457.34) (1,181.34) (1,164.78) (1,009.78) (868.78) (727.78) (672.78) (622.78) Tax a The information on this Detail Ledger Listing is reproduced exactly as it appears on the original computer printout. File #3: Stephanie Baker drawal Record and the student's Detail Ledger Listing. The costs charged in the student's Detail Ledger Listing should equal the costs indicated on the Enrollment Agreement, as illustrated in Exhibit 1. File #1: Shawn Davison The first student file you select to review is that of Shawn Davison. Two Enrollment Agreements are in the file. Both agreements are dated September 11, 1995, even though the first agreement indicates Shawn enrolled in the medical administrative assistant program on February 6, 1995, with an expected completion date of June 14, 1996. The total cost of attendance was calculated to be $10,020, as shown in Exhibit 2. The second Enrollment Agreement indicated that Shawn added word processing to her course of study. The total cost of attendance was now calculated to cost $12,100 (see Exhibit 2). While you are not a handwriting expert, you note that Shawn's signature on each enrollment agreement does not appear to be the same. Shawn withdrew on March 15, 1996. EXHIBIT 1 Agreement of Documents Chart Enrollment Agreement(s) (contract between IBC and student for cost of attendance] charges should agree Detail Ledger Listing (IBC- generated document for each student, detailing all charges and payments, and maintaining a current account balance" for the student) costs and financial aid should agree Withdrawal Record (if applicable) (summarizes program costs and payments, and calculates via a formula the amount of a refund, if applicable) Date Balance Comments Tax 02/01/95 02/01/95 02/06/95 02/06/95 02/06/95 02/27/95 03/05/95 03/07/95 03/08/95 03/08/95 03/08/95 03/08/95 03/10/95 04/05/95 05/05/95 06/05/95 06/12/95 06/27/95 07/05/95 06/08/95 08/05/95 EXHIBIT 3 Shawn Davison's Detail Ledger Listinga Item Payments Charges Book Fees 126.00 Book Fees 3.00 Tuition 10,500.00 General Fee 75.00 Medical Assoc. Fee 50.00 Pell 94/95 383.00 Student Stipend (310.00) Pell 94/95 767.00 Stafford 1st Yr. 1,260.00 Stafford 1st Yr. 1,260.00 Unsub Staff 1st Yr. 1,920.00 Book Fees 368.75 Unsub Staff 1st Yr. 1,920.00 Student Stipend (310.00) Student Stipend (310.00) Student Stipend (310.00) Book Fees 186.00 Book Fees 5.00 Student Stipend (310.00) Student Stipend (620.00) Student Stipend (620.00) 126.00 129.00 10,629.00 10,704.00 10,754.00 10,371.00 10,681.00 9,914.00 8,654.00 7,394.00 5,474.00 5,842.75 3,922.75 4,232.75 4,542.75 4,852.75 5,038.75 5,043.75 5,353.75 5,973.75 6,593.75 Tax VOTZ 779 2.UU (310.00) (620.00) (620.00) 767.00 255.00 15.30 (310.00) 66.00 07/05/95 06/08/95 08/05/95 08/07/95 08/07/95 08/07/95 09/05/95 09/12/95 09/16/95 09/16/95 09/15/95 09/15/95 09/19/95 09/19/95 09/27/95 10/05/95 10/02/95 10/02/95 10/10/95 10/10/95 10/05/95 09/25/95 10/30/95 BOOK rees Student Stipend Student Stipend Student Stipend Pell 94/95 Tech Fees Tech Fees Student Stipend Book Fees Stafford 2nd Yr. Unsub Staff 2nd Yr. Pell 95/96 SEOG 95/96 Book Fees Book Fees Student Stipend Student Stipend Book Fees Book Fees Tech Fees Tech Fees Book Fees Tuition Adj. Student Stipend 1,680.00 1,920.00 730.00 100.0% 3,043.75 Tax 5,353.75 5,973.75 6,593.75 5,826.75 6,081.75 6,097.05 Tax 6,407.05 6,473.05 4,793.05 2,873.05 2,143.05 2,043.05 2,121.05 2,075.05 2,385.05 2,695.05 2,758.05 2,712.05 2,988.05 3,004.61 Tax 3,037.61 1,287.61 1,597.61 (continued on next page) 78.00 (46.00) (310.00) (310.00) 63.00 (46.00) 276.00 16.56 33.00 (1,750.00) (310.00) 510 Peterson and Buckhoff Comments Date 11/07/95 12/05/95 12/09/95 12/09/95 12/11/95 12/12/95 12/12/95 12/14/95 01/05/96 01/09/96 01/09/96 01/04/96 02/05/96 03/05/96 03/11/96 03/13/96 EXHIBIT 3 (continued) Shawn Davison's Detail Ledger Listing Item Payments Charges Book Fees 25.75 Student Stipend (620.00) Stafford 2nd Yr. 1,680.00 Unsub Staff 2nd Yr. 1920.00 Pell 95/96 730.00 Book Fees 164.00 Book Fees 0.30 Student Stipend (310.00) Student Stipend (155.00) Tech Fees 276.00 Tech Fees 16.56 Student Stipend (155.00) Student Stipend (141.00) Student Stipend (141.00) Book Fees 55.00 Book Fees 50.00 Tax Balance 1,623.36 2,243.36 563.36 (1,356.64) (2,086.64) (1,922.64) (1,922.34) (1,612.34) (1,457.34) (1,181.34) (1,164.78) (1,009.78) (868.78) (727.78) (672.78) (622.78) Tax a The information on this Detail Ledger Listing is reproduced exactly as it appears on the original computer printout. File #3: Stephanie Baker