Audit 382734

Federal Program – Student Financial Assistance Cluster – Assistance Listing No.’s 84.063 Federal Pell Grant Program and 84.268 Federal Direct Student Loans – U.S. Department of Education Program Year 2024–2025 Criteria or Specific Requirement – Return of Title IV Funds – 34 CFR 668.22 and 34 CFR 668.173(b). Condition – The University is responsible for calculating and determining the amount of Title IV aid earned by a student when they withdraw from the institution during a payment period and identifying if a post-withdrawal disbursement is applicable. The University is responsible for returning any unearned aid within the required time frame outlined by 34 CFR 668.173(b). Questioned Costs – N/A Context – Out of a sample of 22 students, seven had an incorrect R2T4 calculation due to the calculation not including the correct number of days for a consecutive break. Of these seven students, two individuals were eligible for a post-withdrawal disbursement which they did not receive. Additionally, two students out of the sample did not have their return of funds returned within the 45-day time frame. Our sample was not, and was not intended to be, statistically valid. Effect – The University incorrectly calculated the return of Title IV funds which resulted in the University returning more funds than was required for these students. As such, each student received less aid than the amount they earned during the semester. Additionally, Title IV funds were not returned within the 45-day time frame which caused the University to not be in compliance with requirements outlined in 34 CFR 668.173(b). Cause – In setting up the return of Title IV fund calculations at the start of the semester, the University included the wrong number of days for a consecutive break. The University did not have appropriate controls in place to ensure Title IV funds were returned within the required time frame. Identification as a Repeat Finding, if Applicable – N/A Recommendation – The University should establish controls designed to support accurate review of Title IV fund calculations and timely return of funds within the required time frame. Views of Responsible Officials and Planned Corrective Actions – Management agrees with the finding. See Corrective Action Plan for additional information.

Federal Program – Student Financial Assistance Cluster – Assistance Listing No.’s 84.063 Federal Pell Grant Program and 84.268 Federal Direct Student Loans – U.S. Department of Education Program Year 2024–2025 Criteria or Specific Requirement – Enrollment Reporting – 34 CFR 668.41 Condition – The University is required to report enrollment information to the National Student Loan Data System (NSLDS) when changes occur related to enrollment statuses, program information, and effective dates. Questioned Costs – N/A Context – Out of a sample of 25 students, two students' enrollment status was not reported to NSLDS. Additionally, one student’s enrollment status was not reported within the required time frame. Our sample was not, and was not intended to be, statistically valid. Effect – The University was not in compliance with federal award requirements for these students. Cause – The University did not have appropriate controls in place to ensure enrollment statuses were reported to NSLDS and within the required time frame. Identification as a Repeat Finding, if Applicable – N/A Recommendation – The University should establish controls designed to facilitate accurate reporting of students' enrollment information to NSLDS within the required time frame. Additionally, the University should enhance controls addressing circumstances in which students unofficially withdraw. Views of Responsible Officials and Planned Corrective Actions – Management agrees with the finding. See Correction Action Plan for additional information.