Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
Pell and SEOG Awarding Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of 43 students, we noted the College did not award a Pell grant to one student who was eligible. The error was not identified by the College’s procedures for awarding and reviewing financial assistance. After reviewing all of the Pell grant recipients, it was determined that there were a total of six students affected. Context: In the case of the student tested, the student should have received a Pell grant and SEOG grant. Cause: The College’s procedures for awarding and reviewing financial assistance did not timely identify the error. Effect: The College should have awarded an additional $5,417 in Pell grants and $3,000 in SEOG grants to the six students who were affected. Recommendation: We recommend the College evaluate its procedures for reviewing financial assistance and implement changes to validate the awarding of financial assistance. Views of Responsible Officials and Planned Corrective Actions: When the Department of Education changes Pell Grant eligibility parameters, there is a process that is run to update Pell Grant eligibility in the Datatel processing system. However, when new eligibility parameters increase the number of eligible students due to increasing the estimated family contribution (EFC) eligibility cut-off, there is a separate process that must be run to catch these newly eligible students. This was the scenario in 2022-23. Six students that were not originally eligible for Pell Grant became eligible. Similar circumstances also occurred in 23-24 and the process was run ensuring all eligible students are being awarded. The additional process has been added to the financial aid calendar to ensure this will not happen in the future.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
Pell and SEOG Awarding Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of 43 students, we noted the College did not award a Pell grant to one student who was eligible. The error was not identified by the College’s procedures for awarding and reviewing financial assistance. After reviewing all of the Pell grant recipients, it was determined that there were a total of six students affected. Context: In the case of the student tested, the student should have received a Pell grant and SEOG grant. Cause: The College’s procedures for awarding and reviewing financial assistance did not timely identify the error. Effect: The College should have awarded an additional $5,417 in Pell grants and $3,000 in SEOG grants to the six students who were affected. Recommendation: We recommend the College evaluate its procedures for reviewing financial assistance and implement changes to validate the awarding of financial assistance. Views of Responsible Officials and Planned Corrective Actions: When the Department of Education changes Pell Grant eligibility parameters, there is a process that is run to update Pell Grant eligibility in the Datatel processing system. However, when new eligibility parameters increase the number of eligible students due to increasing the estimated family contribution (EFC) eligibility cut-off, there is a separate process that must be run to catch these newly eligible students. This was the scenario in 2022-23. Six students that were not originally eligible for Pell Grant became eligible. Similar circumstances also occurred in 23-24 and the process was run ensuring all eligible students are being awarded. The additional process has been added to the financial aid calendar to ensure this will not happen in the future.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
Pell and SEOG Awarding Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of 43 students, we noted the College did not award a Pell grant to one student who was eligible. The error was not identified by the College’s procedures for awarding and reviewing financial assistance. After reviewing all of the Pell grant recipients, it was determined that there were a total of six students affected. Context: In the case of the student tested, the student should have received a Pell grant and SEOG grant. Cause: The College’s procedures for awarding and reviewing financial assistance did not timely identify the error. Effect: The College should have awarded an additional $5,417 in Pell grants and $3,000 in SEOG grants to the six students who were affected. Recommendation: We recommend the College evaluate its procedures for reviewing financial assistance and implement changes to validate the awarding of financial assistance. Views of Responsible Officials and Planned Corrective Actions: When the Department of Education changes Pell Grant eligibility parameters, there is a process that is run to update Pell Grant eligibility in the Datatel processing system. However, when new eligibility parameters increase the number of eligible students due to increasing the estimated family contribution (EFC) eligibility cut-off, there is a separate process that must be run to catch these newly eligible students. This was the scenario in 2022-23. Six students that were not originally eligible for Pell Grant became eligible. Similar circumstances also occurred in 23-24 and the process was run ensuring all eligible students are being awarded. The additional process has been added to the financial aid calendar to ensure this will not happen in the future.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
Pell and SEOG Awarding Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of 43 students, we noted the College did not award a Pell grant to one student who was eligible. The error was not identified by the College’s procedures for awarding and reviewing financial assistance. After reviewing all of the Pell grant recipients, it was determined that there were a total of six students affected. Context: In the case of the student tested, the student should have received a Pell grant and SEOG grant. Cause: The College’s procedures for awarding and reviewing financial assistance did not timely identify the error. Effect: The College should have awarded an additional $5,417 in Pell grants and $3,000 in SEOG grants to the six students who were affected. Recommendation: We recommend the College evaluate its procedures for reviewing financial assistance and implement changes to validate the awarding of financial assistance. Views of Responsible Officials and Planned Corrective Actions: When the Department of Education changes Pell Grant eligibility parameters, there is a process that is run to update Pell Grant eligibility in the Datatel processing system. However, when new eligibility parameters increase the number of eligible students due to increasing the estimated family contribution (EFC) eligibility cut-off, there is a separate process that must be run to catch these newly eligible students. This was the scenario in 2022-23. Six students that were not originally eligible for Pell Grant became eligible. Similar circumstances also occurred in 23-24 and the process was run ensuring all eligible students are being awarded. The additional process has been added to the financial aid calendar to ensure this will not happen in the future.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.
Return of Title IV Funds (R2T4) Calculation Errors Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: Out of our sample of three students, we noted the College used the incorrect number of days in the semester for one of the students. The error was not identified by the College’s procedures for preparing and reviewing the R2T4 calculation. After reviewing all of the R2T4 for the spring semester, it was determined that there was a total of eight affected. Context: In the case of the student tested, the number of total days for the spring semester was entered as 109 days whereas the total should have been 107 days resulting in additional money the College could have kept. Cause: The College’s preparation and review process did not timely identify the error. Effect: The College returned $307 more than required to the DOE as a Return of Title IV funds for all 8 incorrect calculations for the spring semester, which is not material to the federal program. Recommendation: We recommend the College evaluate its procedures for reviewing R2T4 calculations and implement changes to validate the inputs to the calculation. Views of Responsible Officials and Planned Corrective Actions: The finding is due to Central College incorrectly inputting the number of break days in the school calendar profile in the R2T4 section of the common origination and disbursement website. When doing annual se-up, the financial aid office will now be confirming correct dates with Central’s controller. The school calendar profiles have already been issued to Forge Financial & Management Consulting for the 23-24 academic year.
FISAP Reporting Finding Type: Significant deficiency and reportable noncompliance with laws and regulations. Criteria and Condition: It was determined that the total number of students reported on the FISAP was 10 students more than actual enrollment. The error was not identified by the College’s procedures for reviewing the FISAP. Context: The number of students reported on the FISAP was incorrect. Cause: The College’s procedures for reviewing the FISAP did not timely identify the error. Effect: The College should have reported 1,168 students. Recommendation: We recommend the College evaluate its procedures for reviewing the FISAP and implement changes to validate the information on the FISAP. Views of Responsible Officials and Planned Corrective Actions: This number comes directly from an eligible aid applicant’s report. The College has implemented additional oversight procedures for the controller to double check figures in future FISAP filings prior to submission.