Temple Fox to Pay 700K for Settlement
The US Department of Education announced on Friday that the Temple University Fox School of Business and Management agreed to pay a $700,000 fine for misrepresenting data to inflate its rankings between 2014 and 2018. Among the findings of the rankings scandal investigation was that former dean Moshe Porat dissolved a committee tasked with ensuring the accuracy of reported rankings data.
Temple cooperated with the investigation and, as a result, the settlement did not require them to admit to any wrongdoing. Such an admission would have left them liable for reimbursing graduates for their student loans.
This stated, Friday’s settlement isn’t necessarily a win for Fox at the expense of its recent graduates. The $700,000 settlement with the DOE is above and beyond the $5.5 million class-action settlement the school reached back in December 2018.