Audit 348574

FY End
2024-06-30
Total Expended
$79.02M
Findings
10
Programs
10
Organization: University of La Verne (CA)
Year: 2024 Accepted: 2025-03-26

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
537308 2024-001 Material Weakness - N
537309 2024-001 Material Weakness - N
537310 2024-001 Material Weakness - N
537311 2024-001 Material Weakness - N
537312 2024-001 Material Weakness - N
1113750 2024-001 Material Weakness - N
1113751 2024-001 Material Weakness - N
1113752 2024-001 Material Weakness - N
1113753 2024-001 Material Weakness - N
1113754 2024-001 Material Weakness - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $65.50M Yes 1
84.063 Federal Pell Grant Program $9.38M Yes 1
84.033 Federal Work-Study $1.03M Yes 1
84.031 Higher Education_institutional Aid $947,474 - 0
84.007 Federal Supplemental Educational Opportunity Grants $681,409 Yes 1
84.038 Federal Perkins Loan $548,512 Yes 1
59.037 Small Business Development Centers $193,127 - 0
47.049 Mathematical and Physical Sciences $162,512 - 0
84.116 Fund for the Improvement of Postsecondary Education $80,868 - 0
93.866 Aging Research $16,709 - 0

Contacts

Name Title Type
KGP6EXJ2DEM1 Lori Gordien Auditee
9094484100 Marla Hummel Auditor
No contacts on file

Notes to SEFA

Title: Summary of Significant Accounting Policies Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant expenditure activity of the University of La Verne (the “University”) for the year ended June 30, 2024, and is presented using the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The Schedule presents only a selected portion of the operations of the University, and it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the University. De Minimis Rate Used: N Rate Explanation: Organization did not use an indirect cost rate The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant expenditure activity of the University of La Verne (the “University”) for the year ended June 30, 2024, and is presented using the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The Schedule presents only a selected portion of the operations of the University, and it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the University.
Title: Indirect Cost Rate Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant expenditure activity of the University of La Verne (the “University”) for the year ended June 30, 2024, and is presented using the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The Schedule presents only a selected portion of the operations of the University, and it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the University. De Minimis Rate Used: N Rate Explanation: Organization did not use an indirect cost rate The University has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Loan Advances Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant expenditure activity of the University of La Verne (the “University”) for the year ended June 30, 2024, and is presented using the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The Schedule presents only a selected portion of the operations of the University, and it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the University. De Minimis Rate Used: N Rate Explanation: Organization did not use an indirect cost rate The University administers the Federal Perkins Loan Program (Federal Assistance Listing Number 84.038). The balance and transactions related to this program are included in the University’s financial statements. As of June 30, 2024, $356,075 of Federal Perkins Loan Program loans advanced by the University were outstanding. With respect to the Federal Direct Student Loan Program (Assistance Listing No. 84.268), the University is only responsible for the performance of certain administrative duties; therefore, the transaction and the balances of loans outstanding related to this program are not included in the University’s financial statements. During the year ended June 30, 2024, the University processed $65,497,874 of new loans.
Title: Subsequent Events Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant expenditure activity of the University of La Verne (the “University”) for the year ended June 30, 2024, and is presented using the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The Schedule presents only a selected portion of the operations of the University, and it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the University. De Minimis Rate Used: N Rate Explanation: Organization did not use an indirect cost rate The University has evaluated subsequent events through March 6, 2025, the date this Schedule was available to be issued. The University is not aware of any significant subsequent events which would require recognition or disclosure in the Schedule.

Finding Details

Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.
Finding #: 2024-001 Student Financial Assistance Cluster (Various Assistance Listing Numbers) Award year ended June 30, 2024 Federal Agency: U.S. Department of Education Type of Finding: Special Tests and Provisions - Return of Title IV Funds Noncompliance and Internal Control over Compliance (Material Weakness) Criteria: Pursuant to the 34 CFR 668.22(j)(2), an institution is required to determine the withdrawal date for a student who withdraws without providing notification to the institution no later than 30 days after the end of the earlier of the (1) payment period or period of enrollment, (2) academic year in which the student withdrew, or (3) educational program from which the student withdrew to allow for the timely calculation and return of Title IV funds as required. Pursuant to the 34 CFR 668.22(e), an institution is required to calculate the amount of Title IV assistance earned by the student once the institution has determined the withdrawal date in accordance with the 34 CFR 668.22(j), and pursuant to the 34 CFR 668.22(g), an institution is required to calculate and return unearned aid in the order as required: the lesser of the total amount of unearned Title IV assistance to be returned as calculated under 34 CFR 668.22(e)(4); or an amount equal to the total institutional charges incurred by the student for the payment period or period of enrollment multiplied by the percentage of Title IV grant or loan assistance that has not been earned by the student, as described in 34 CFR 668.22(e)(3). Pursuant to the 34 CFR 690.83(b)(2) an institution shall submit, in accordance with deadline dates established by the U.S. Department of Education (Secretary), through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Pursuant to 34 CFR 668.22(j)(1), an institution must return the amount of Title IV funds for which it is responsible as soon as, but no later than 45 days, after the date of the institution's determination that the student withdrew. Condition/Context: During our testing at the University, we noted one instance out of 12 students tested in which the University did not complete the return of Title IV funds as calculated within the 45-day requirement as noted in the Federal Regulations. Effect The University was not compliant with the timeliness rules for one student in our sample. Cause The cause of the delay in performing the return was due to the substantial irregularity in the manner in which a member of the faculty updated the student’s record. The student was not reported as having exited by the faculty when the exit took place, but instead the faculty gave her a grade that reflects a withdrawal took place instead of grading with an expected FW/F/NC. As such, the student’s record fell outside the University’s discovery range for identifying unofficial withdrawals. Questioned Costs: None noted. Identification as a Repeat Finding: This is not a repeat finding. Recommendation We recommend the University’s management update the internal control procedures in place to identify student’s that have withdrawn without providing notification. Views of Responsible Officials: Management agrees with the finding.