Audit 375496

FY End
2025-06-30
Total Expended
$2.99M
Findings
2
Programs
4
Organization: Baptist Bible College (MO)
Year: 2025 Accepted: 2025-12-17

Organization Exclusion Status:

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Findings

ID Ref Severity Repeat Requirement
1165210 2025-001 Material Weakness Yes EN
1165211 2025-001 Material Weakness Yes EN

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $1.70M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $1.23M Yes 1
84.033 FEDERAL WORK-STUDY PROGRAM $35,361 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $27,180 Yes 0

Contacts

Name Title Type
S1QHNJVQVXP4 Jason Todd Auditee
4172686005 Richard A. Bili Auditor
No contacts on file

Notes to SEFA

During the fiscal year ended June 30, 2025, the College processed the following amount of new loans under the Federal Direct Student Loan Program (which includes Subsidized Loans, Unsubsidized Direct Student Loans, and Parents’ Loans for Undergraduate Students): Federal Direct Student Loan Program Assistance Listing Number 84.26 Amount Authroized $1,697,7551
The following is included as Federal Supplemental Educational Opportunity Grant (“FSEOG”) expenditures: Federal Share of Grants $27,810 Institutional Share of Grants -0- Total FSEOG Expenditures $27,180 The College received a waiver from the Department of Education for the institutional matching requirement for the year ended June 30, 2025.
The following is included as Federal Work Study (“FWS”) expenditures: Federal Share of Federal Work Study Wages $35,361 Institutional Share of Federal Work Study Wages $12,443 Total FWS Expenditures $47,804

Finding Details

Federal Agency: U.S. Department of Education; Office of Federal Student AidPass through Entity: Not applicable Program Name:Federal Pell Grant Federal Direct Loan ProgramALN and Program Expenditures:84.063 ($1,226,331) 84.268 ($1,397,751)Award Number:P063P243629 P268K253629 Federal Award Year:July 1, 2024 to June 30, 2025 Questioned Costs:$452 (ALN 84.06)$248 (ALN 84.268)Condition Found: The R2T4 calculation was completed incorrectly for five of the eighteen R2T4s reviewed during our audit. All of the R2T4s completed by the College during the year ended June 30, 2025 were reviewed during the audit. For four of the students, the number of days in the semester used in the calculation was incorrect. For one of the students, the amount of FSEOG was not included in the R2T4 calculation. Criteria:For four of the students, the total number of days in the semester for the purposes of the R2T4 calculation is the sum of the start and end dates noted in the academic calendar less any scheduled breaks of five days or more. For one of the students, the FSEOG funds disbursed were not included in the R2T4 calculation. Cause:For four of the students in the finding, Director of Financial Aid miscalculated the number of days in the semester. The incorrect date was used for the last date of the semester for one student. This was a typing error when entering the data to calculate the R2T4. For the remaining three students, the break days were not subtracted from the total days in the semester. For one of the students in the finding, the FSEOG funds disbursed to the student were inadvertently excluded from the calculation. Possible Asserted Effect: The R2T4 calculations were completed incorrectly. The following is the effect on the aid awarded for all five students in the finding. • For the first student, an additional $712 of Federal Pell Grant funds should be awarded to the student. (Incorrect semester end date was used in the R2T4 calculation) • For the second student, an additional $62 of Unsubsidized Federal Direct Loan Funds should be awarded to the student. (Break days were not subtracted from the total number of days in the semester) • For the third and fourth students, an additional $93 of Unsubsidized Federal Direct Loan funds should be awarded to both students. (Break days were not subtracted from the total number of days in the semester) • For the fifth student, $260 of Federal Pell grant should be returned to the Department of Education. (FSEOG funds disbursed were not included in the R2T4 calculation)Repeat Finding: See Finding 2024-002 for a finding related to R2T4 calculations in the prior year. Statistical Sampling: The sample was not intended to be, and was not, a statistically valid sample.Recommendation: The R2T4s were recalculated for the students in question. In August 2025, $712 of Federal Pell Grant funds were awarded to the first student in question and $260 of Federal Pell Grant funds were returned to the Department of Education for the fifth student in question. Since the remaining three students were due additional Unsubsidized Federal Direct Loan funds, the College awarded additional institutional aid of $62, $93, and $93 to students two, three, and four, respectively. Management Response: Management agrees with the auditors’ finding and their recommendation. In August 2025, $712 of Federal Pell Grant funds were awarded to the first student in question and $260 of Federal Pell Grant funds were returned to the Department of Education for the fifth student in question. Since the remaining three students were due additional Unsubsidized Federal Direct Loan funds, the College awarded additional institutional aid of $62, $93, and $93 to students two, three, and four, respectively. The Student Financial Aid Director will communicate with the Online Education Director and/or the Registrar to verify semester and enrollment dates and attend additional training webinars on R2T4 calculations hosted by the Department of Education.