This letter report provides the results of our audit of the Pharmacy Health
Professions Student Loans (HPSL) Program at the Massachusetts College of Pharmacy
(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 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.