The Seminary did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, loans, or loan guarantees.
Return of Title IV (R2T4) Calculations Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Pell Grants Federal Award Identification #: 2024-2025 Financial Aid Year Condition: Return calculations were not completed for students that withdrew during the term. Criteria: 34 CFR 668.22 Questioned Costs: $4,231 Context: Out of 5 students tested for official and unofficial withdrawals, 2 did not have an R2T4 calculation performed but should have as there was no documentation retained to support the students had attended past 60% of the term to earn their aid. As a result, Pell in the amount of $4,231 for these students should have been returned. The University is in the process of correcting the affected students. Cause: This was an oversight by the University. Professors had assigned an incorrect grade code indicating the students did not fail to complete the class and the University did not follow up with professors to verify the last date of attendance. Effect: Return of Title IV funds were not performed timely and the Pell was not returned until the audit. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the University add a check to verify the last date of attendance with professors for students who withdrew and that the supporting documentation be retained to ensure all R2T4 calculations are completed as required. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.