During our analysis of the transactions recorded in the Schedule of Expenditures of Federal Awards for the Student Financial Assistance Program, we identified 18 transactions out of approximately 63.1 thousand transactions that were returns to the Department of Education in excess of 240 days. As detailed, these 18 transactions were equivalent to $20,382 returned to the Department of Education in excess of 240 days.
This is a repeat finding from prior year, finding 2023-01.
During our analysis of the transactions recorded in the Schedule of Expenditures of Federal Awards for the Student Financial Assistance Program, we identified 18 transactions out of approximately 63.1 thousand transactions that were returns to the Department of Education in excess of 240 days. As detailed, these 18 transactions were equivalent to $20,382 returned to the Department of Education in excess of 240 days.
This is a repeat finding from prior year, finding 2023-01.
During our analysis of the transactions recorded in the Schedule of Expenditures of Federal Awards for the Student Financial Assistance Program, we identified 18 transactions out of approximately 63.1 thousand transactions that were returns to the Department of Education in excess of 240 days. As detailed, these 18 transactions were equivalent to $20,382 returned to the Department of Education in excess of 240 days.
This is a repeat finding from prior year, finding 2023-01.
In testing compliance with the return of Title IV funds requirements, we made a selection of ninety (90) students who withdrew, dropped-out, or failed to attend the University and noted that for nine (9) students, the amount returned was not calculated correctly.
This is a repeat finding from prior year, finding 2023-02.
In addition, we also noted that eight students did not have the correct number of days in the enrollment period.
The differences in the days and the incorrect calculation of the return of Title IV funds was due to an error in OPEID 394100 where the academic year was incorrectly entered into the ERP system during the first semester. The other error in the calculation of the return of Title IV funds was an isolated case in OPEID 2587500.
The average of overpaid per student in OPEID 394100 was $159. When the error is extrapolated to the total amount of students (68) that had returns for OPEID 394100 for the first semester, the total estimated overpayment is $10,890. This amount is the estimated amount of overpayment made to the U.S. Department of Education based on the error identified. For fiscal year 2024, the total amount returned by the Institution amounted to $1,124,923.
In testing compliance with the return of Title IV funds requirements, we made a selection of ninety (90) students who withdrew, dropped-out, or failed to attend the University and noted that for nine (9) students, the amount returned was not calculated correctly.
This is a repeat finding from prior year, finding 2023-02.
In addition, we also noted that eight students did not have the correct number of days in the enrollment period.
The differences in the days and the incorrect calculation of the return of Title IV funds was due to an error in OPEID 394100 where the academic year was incorrectly entered into the ERP system during the first semester. The other error in the calculation of the return of Title IV funds was an isolated case in OPEID 2587500.
The average of overpaid per student in OPEID 394100 was $159. When the error is extrapolated to the total amount of students (68) that had returns for OPEID 394100 for the first semester, the total estimated overpayment is $10,890. This amount is the estimated amount of overpayment made to the U.S. Department of Education based on the error identified. For fiscal year 2024, the total amount returned by the Institution amounted to $1,124,923.
In testing compliance with the Enrollment Reporting requirements, we selected one hundred and twenty (120) students who had a reduction or increase in attendance levels impacting enrollment status, graduated, withdrew, dropped out, or enrolled but never attended and noted that one (1) had their changes reported more than 60 days.
This is a repeat finding from prior year, finding 2023-03.
In testing compliance with the Enrollment Reporting requirements, we selected one hundred and twenty (120) students who had a reduction or increase in attendance levels impacting enrollment status, graduated, withdrew, dropped out, or enrolled but never attended and noted that one (1) had their changes reported more than 60 days.
This is a repeat finding from prior year, finding 2023-03.
During our analysis of the transactions recorded in the Schedule of Expenditures of Federal Awards for the Student Financial Assistance Program, we identified 18 transactions out of approximately 63.1 thousand transactions that were returns to the Department of Education in excess of 240 days. As detailed, these 18 transactions were equivalent to $20,382 returned to the Department of Education in excess of 240 days.
This is a repeat finding from prior year, finding 2023-01.
During our analysis of the transactions recorded in the Schedule of Expenditures of Federal Awards for the Student Financial Assistance Program, we identified 18 transactions out of approximately 63.1 thousand transactions that were returns to the Department of Education in excess of 240 days. As detailed, these 18 transactions were equivalent to $20,382 returned to the Department of Education in excess of 240 days.
This is a repeat finding from prior year, finding 2023-01.
During our analysis of the transactions recorded in the Schedule of Expenditures of Federal Awards for the Student Financial Assistance Program, we identified 18 transactions out of approximately 63.1 thousand transactions that were returns to the Department of Education in excess of 240 days. As detailed, these 18 transactions were equivalent to $20,382 returned to the Department of Education in excess of 240 days.
This is a repeat finding from prior year, finding 2023-01.
In testing compliance with the return of Title IV funds requirements, we made a selection of ninety (90) students who withdrew, dropped-out, or failed to attend the University and noted that for nine (9) students, the amount returned was not calculated correctly.
This is a repeat finding from prior year, finding 2023-02.
In addition, we also noted that eight students did not have the correct number of days in the enrollment period.
The differences in the days and the incorrect calculation of the return of Title IV funds was due to an error in OPEID 394100 where the academic year was incorrectly entered into the ERP system during the first semester. The other error in the calculation of the return of Title IV funds was an isolated case in OPEID 2587500.
The average of overpaid per student in OPEID 394100 was $159. When the error is extrapolated to the total amount of students (68) that had returns for OPEID 394100 for the first semester, the total estimated overpayment is $10,890. This amount is the estimated amount of overpayment made to the U.S. Department of Education based on the error identified. For fiscal year 2024, the total amount returned by the Institution amounted to $1,124,923.
In testing compliance with the return of Title IV funds requirements, we made a selection of ninety (90) students who withdrew, dropped-out, or failed to attend the University and noted that for nine (9) students, the amount returned was not calculated correctly.
This is a repeat finding from prior year, finding 2023-02.
In addition, we also noted that eight students did not have the correct number of days in the enrollment period.
The differences in the days and the incorrect calculation of the return of Title IV funds was due to an error in OPEID 394100 where the academic year was incorrectly entered into the ERP system during the first semester. The other error in the calculation of the return of Title IV funds was an isolated case in OPEID 2587500.
The average of overpaid per student in OPEID 394100 was $159. When the error is extrapolated to the total amount of students (68) that had returns for OPEID 394100 for the first semester, the total estimated overpayment is $10,890. This amount is the estimated amount of overpayment made to the U.S. Department of Education based on the error identified. For fiscal year 2024, the total amount returned by the Institution amounted to $1,124,923.
In testing compliance with the Enrollment Reporting requirements, we selected one hundred and twenty (120) students who had a reduction or increase in attendance levels impacting enrollment status, graduated, withdrew, dropped out, or enrolled but never attended and noted that one (1) had their changes reported more than 60 days.
This is a repeat finding from prior year, finding 2023-03.
In testing compliance with the Enrollment Reporting requirements, we selected one hundred and twenty (120) students who had a reduction or increase in attendance levels impacting enrollment status, graduated, withdrew, dropped out, or enrolled but never attended and noted that one (1) had their changes reported more than 60 days.
This is a repeat finding from prior year, finding 2023-03.