SC State University diverted $6.5 million from program to cover deficits, report finds - ANDREW SHAIN, the State

S.C. State University used $6.5 million in state money from a program meant to aid poorer families to cover cash flow problems since 2007, an S.C. Inspector General report released on Tuesday. No fraud was found in the money diverted from the school's 1890 Research & Extension Program, the report said. "Rather, the (Inspector General) identified a pattern of mismanagement allowing this inappropriate subsidizing practice to escalate out of control masking SCSU's financial difficulties for a number of years," the report said. "This practice has only worsened SCSU’s financial situation by allowing deficits to grow while delaying action to address structural business issues causing these deficits." Read more here: http://www.thestate.com/2014/04/08/3374946/inspector-general-sc-state-university.html?sp=/99/205/&ihp=1#storylink=cpy http://www.thestate.com/2014/04/08/3374946/inspector-general-sc-state-university.html