FAC Explorer

Audit 35197

FY End
2022-06-30
Total Expended
$10.36M
Findings
14
Programs
9
Organization: Warner University, Inc. (CO)
Year: 2022 Accepted: 2022-10-16
Auditor: Capincrouse LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
37577 2022-001 Material Weakness - N
37578 2022-002 Significant Deficiency - E
37579 2022-001 Material Weakness - N
37580 2022-002 Significant Deficiency - E
37581 2022-002 Significant Deficiency - E
37582 2022-002 Significant Deficiency - E
37583 2022-002 Significant Deficiency - E
614019 2022-001 Material Weakness - N
614020 2022-002 Significant Deficiency - E
614021 2022-001 Material Weakness - N
614022 2022-002 Significant Deficiency - E
614023 2022-002 Significant Deficiency - E
614024 2022-002 Significant Deficiency - E
614025 2022-002 Significant Deficiency - E

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $5.94M Yes 2
84.063 Federal Pell Grant Program $2.15M Yes 2
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $1.38M Yes 0
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $261,967 Yes 0
84.425 Covid-19 Education Stabilization Fund Heerf - Strengthening Institutions $210,439 Yes 0
84.038 Federal Perkins Loan Program $158,699 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $132,185 Yes 1
84.033 Federal Work-Study Program $96,722 Yes 1
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $29,705 Yes 1

Contacts

Name Title Type
EQ6GMFADBSN1 Mike Picha Auditee
8636381426 Chris Mantegna, CPA Auditor
No contacts on file

Notes to SEFA

Title: RELATIONSHIP TO FINANCIAL STATEMENTS Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the schedule) includes the federal and state grant activity of Warner University, Inc. (University) under programs of the federal government and the State of Florida for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Chapter 10.650, Rules of Auditor General. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. If the University is required to match certain federal or state assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. See table in SEFA Note 3.
Title: SUBRECIPIENTS, NON-CASH ASSISTANCE, FEDERAL INSURANCE, LOANS, AND LOAN GUAR Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the schedule) includes the federal and state grant activity of Warner University, Inc. (University) under programs of the federal government and the State of Florida for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Chapter 10.650, Rules of Auditor General. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. If the University is required to match certain federal or state assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The University did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, loans, or loan guarantees.
Title: FEDERAL PERKINS LOAN PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the schedule) includes the federal and state grant activity of Warner University, Inc. (University) under programs of the federal government and the State of Florida for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Chapter 10.650, Rules of Auditor General. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. If the University is required to match certain federal or state assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. See table in SEFA Note 5.
Title: ZONE ALTERNATIVE Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the schedule) includes the federal and state grant activity of Warner University, Inc. (University) under programs of the federal government and the State of Florida for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Chapter 10.650, Rules of Auditor General. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. If the University is required to match certain federal or state assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The University is operating under the Provisional Certification Alternative for failure to meet the Department of Educations standards of financial responsibility. The University must comply with all the requirements specified for the Provisional Certification Alternative including the Zone Alternative. As part of the audit procedures, the Universitys compliance with the Zone Alternative was tested including their administration of the heightened cash monitoring payment method, disbursing aid, and paying out credit balances before requesting reimbursement and notification requirements. No non-compliance with the requirements was noted.

Finding Details

Finding 2022-001
Return of Title IV (R2T4) Calculations Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not accurately calculate R2T4s causing the wrong amount of aid to be returned. Additionally, the University did not implement the modular withdrawal regulations that went into effect July 1, 2021. Criteria: 34 CFR 668.22 Questioned Costs: $7,826 Context: Out of 18 students who withdrew during the audit period, 4 students had an R2T4 with an error in the calculation. Errors included the wrong number of days excluded for scheduled breaks, the wrong tuition charges, and the wrong Pell and FDL amounts in the amount disbursed columns. Additionally, there was 1 student enrolled in modular courses who required an R2T4 for which the University did not complete an R2T4. All errors were corrected during the audit period. Additionally, the University completed additional review of their students in modular programs to adjust for any additional R2T4s that were required. Cause: The University did not review R2T4s for accuracy before returning funds. Additionally, implementation of new R2T4 regulations was not completed by the University. Effect: Incorrect amounts of federal funding were returned. The errors mentioned above resulted in under-returning of $1,624 in Pell grant, $2,294 in unsubsidized loans and $3,889 in PLUS loans. There was also an over-return of $19 in Pell grant. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend financial aid periodically review modular students R2T4 calculations and return calculations to help ensure that internal controls over such process can operate effectively and achieve compliance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-001
Return of Title IV (R2T4) Calculations Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not accurately calculate R2T4s causing the wrong amount of aid to be returned. Additionally, the University did not implement the modular withdrawal regulations that went into effect July 1, 2021. Criteria: 34 CFR 668.22 Questioned Costs: $7,826 Context: Out of 18 students who withdrew during the audit period, 4 students had an R2T4 with an error in the calculation. Errors included the wrong number of days excluded for scheduled breaks, the wrong tuition charges, and the wrong Pell and FDL amounts in the amount disbursed columns. Additionally, there was 1 student enrolled in modular courses who required an R2T4 for which the University did not complete an R2T4. All errors were corrected during the audit period. Additionally, the University completed additional review of their students in modular programs to adjust for any additional R2T4s that were required. Cause: The University did not review R2T4s for accuracy before returning funds. Additionally, implementation of new R2T4 regulations was not completed by the University. Effect: Incorrect amounts of federal funding were returned. The errors mentioned above resulted in under-returning of $1,624 in Pell grant, $2,294 in unsubsidized loans and $3,889 in PLUS loans. There was also an over-return of $19 in Pell grant. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend financial aid periodically review modular students R2T4 calculations and return calculations to help ensure that internal controls over such process can operate effectively and achieve compliance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-001
Return of Title IV (R2T4) Calculations Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not accurately calculate R2T4s causing the wrong amount of aid to be returned. Additionally, the University did not implement the modular withdrawal regulations that went into effect July 1, 2021. Criteria: 34 CFR 668.22 Questioned Costs: $7,826 Context: Out of 18 students who withdrew during the audit period, 4 students had an R2T4 with an error in the calculation. Errors included the wrong number of days excluded for scheduled breaks, the wrong tuition charges, and the wrong Pell and FDL amounts in the amount disbursed columns. Additionally, there was 1 student enrolled in modular courses who required an R2T4 for which the University did not complete an R2T4. All errors were corrected during the audit period. Additionally, the University completed additional review of their students in modular programs to adjust for any additional R2T4s that were required. Cause: The University did not review R2T4s for accuracy before returning funds. Additionally, implementation of new R2T4 regulations was not completed by the University. Effect: Incorrect amounts of federal funding were returned. The errors mentioned above resulted in under-returning of $1,624 in Pell grant, $2,294 in unsubsidized loans and $3,889 in PLUS loans. There was also an over-return of $19 in Pell grant. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend financial aid periodically review modular students R2T4 calculations and return calculations to help ensure that internal controls over such process can operate effectively and achieve compliance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-001
Return of Title IV (R2T4) Calculations Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not accurately calculate R2T4s causing the wrong amount of aid to be returned. Additionally, the University did not implement the modular withdrawal regulations that went into effect July 1, 2021. Criteria: 34 CFR 668.22 Questioned Costs: $7,826 Context: Out of 18 students who withdrew during the audit period, 4 students had an R2T4 with an error in the calculation. Errors included the wrong number of days excluded for scheduled breaks, the wrong tuition charges, and the wrong Pell and FDL amounts in the amount disbursed columns. Additionally, there was 1 student enrolled in modular courses who required an R2T4 for which the University did not complete an R2T4. All errors were corrected during the audit period. Additionally, the University completed additional review of their students in modular programs to adjust for any additional R2T4s that were required. Cause: The University did not review R2T4s for accuracy before returning funds. Additionally, implementation of new R2T4 regulations was not completed by the University. Effect: Incorrect amounts of federal funding were returned. The errors mentioned above resulted in under-returning of $1,624 in Pell grant, $2,294 in unsubsidized loans and $3,889 in PLUS loans. There was also an over-return of $19 in Pell grant. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend financial aid periodically review modular students R2T4 calculations and return calculations to help ensure that internal controls over such process can operate effectively and achieve compliance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Incorrect Cost of Attendance Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, and 84.379 (Student Financial Assistance Cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University incorrectly awarded students aid based on cost of attendance. Criteria: 34 CFR 668.43(a)(1) Questioned Costs: $0 Context: Out of 60 students tested for the correct cost of attendance calculations, 18 were not calculated correctly, but only 1 resulted in a difference in awarding to the student. Of those 18 students, 17 students had already maxed out their loan eligibility; therefore, the change in cost of attendance would not have an impact. The remaining student was under awarded loans by $62 of subsidized loans and $14 of unsubsidized loans. As a result of the audit, the University did additional review of cost of attendance budgets, noting 7 additional students who were under awarded for a total of $11,741 in federal direct loans and 1 student over awarded $72 in subsidized direct loans. The University is working to contact students to notify them of their additional eligibility Cause: The University did not implement proper review of cost of attendance budgets in the transition from award year 2020-2021 to award year 2021-2022. This caused certain traditional student?s cost of attendance budgets to not be properly updated to reflect the 2021-2022 award year budgets. Effect: Students were not awarded the correct amount of aid initially. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University set the cost of attendance budgets before packaging begins for the year and properly review all cost of attendance budgets prior to aid disbursement ensuring accurate information is used when performing need analysis. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.