The University of Northern Iowa ends a life insurance program targeted at athletic scholarship donors.
The program offered insurance equal to the donation amount to the Panther Scholarship Club.
It ended after it was discovered it violated federal tax laws.
An estimated 17-hundred donors stand to lose six-point-eight million in benefits - and may end up owing the government back taxes.
KWWL Television Inc.
500 Fourth St. Waterloo, IA 50703
News: (319) 291-1200
News Tips: (800) 947-7746