In order to comply with new regulations regarding the disbursement of financial aid monies, New College will begin reporting credit hours earned by each student to the federal government. While some members of the community were alarmed at the notion that New College could become more “conventional,” Provost Charlene Callahan assured the Catalyst that the new measures are for financial aid purposes only and will not affect the contract system.
“Every institution that allocates financial aid for the federal government has to be certified by the federal government,” she said in an interview. “They make sure that you can track student progress accurately and that students are aware of what’s expected of them. We were certified five years ago and we were up for recertification last year by the federal government. This time, a different set of auditors looked at us and said, ‘Wait a minute — what do you guys do?’”