AB temporarily revokes ABM College’s access to student loans following audit

The Government of Alberta has revoked ABM College’s ability to access student loans after an audit completed by a third party demonstrated that the college has “poor practices and weak controls.” Postmedia reports that former employees questioned the number of applicants who were provided with student aid but were not enrolled at the college. The college will continue to operate, but its applicants and students will not be able to apply for new student aid funding while the issues are being resolved. “We’ll keep looking into this issue and restore access to student aid once we have more information confirming they have appropriate internal practices and controls in place,” explained Advanced Education Press Secretary Sam Blackett. The college indicated that it will continue to co-operate with AB during the audit.