This letter report provides the results of our audit of the Allopathic Medicine
Health Professions Student Loans (HPSL) Program at the Medical College of Wisconsin
(the College). The HPSL program was implemented through the Public Health Service
Act. The Health Resources and Services Administration (HRSA) has overall management
responsibilities for the program at the Federal level.
We determined that the College was appropriately using HPSL funds to provide loans to eligible medical students and was generally in compliance with regulations concerning the administration of loans. However, our audit revealed that the College was carrying uncollectible loans in their accounting records.