Central Wyoming College writes off over $100K of bad student debt
(Riverton, Wyo.) – Trustees of Central Wyoming College Wednesday night approved a recommendation to write-off student debt in the amount of $101,039.69. Vice President for Administrative Services Willie Noseep said the amount is seven percent higher than the amount written off last year. The bad debt totals four percent of the college’s accounts receivable.
“Every effort is made to collect outstanding debt immediately,” he wrote in a memo to President Brad Tyndall. “Student debts incurred in the last year are kept open and managed because many students will want to continue at CWC or seek additional education services, and therefore will pay outstanding debts.”
Noseep wrote that “this fiscal year the college collected $28,992.47 against debt that had previously been discharged compared to $25,779.02 last year.
Noseep also said that “students who had received Title IV aid assistance from Pell Grants, SEOG Grant and Direct Loans, and who cease attending classes or officially withdraw from classes at CWC may be required to repay a portion of the federal aid they received.” He said a total of $18,985.15 of Title IV funds are included in the bad debt this year.