FAC Explorer

Audit 387405

FY End
2025-06-30
Total Expended
$39.88M
Findings
1
Programs
5
Organization: Wentworth Institute of Technology, Inc. (MA)
Year: 2025 Accepted: 2026-02-16
Auditor: CBIZ CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1173695 2025-001 Material Weakness Yes E

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOAN PROGRAM $30.89M Yes 0
84.063 FEDERAL PELL GRANT PROGRAM $6.98M Yes 1
84.038 FEDERAL PERKINS LOAN PROGRAM $1.18M Yes 0
84.033 FEDERAL WORK-STUDY (FWS) PROGRAM $542,716 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) PROGRAM $283,047 Yes 0

Contacts

Name Title Type
NDWSAHDCNFJ8 Katie McGrath Auditee
6179894769 Michelle E. Spriggs Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Wentworth Institute of Technology, Inc. (the “University”) under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the University, it is not intended to and does not present the financial position, changes in net assets or cash flows of the University.
The federal student loan program listed subsequently is administered directly by the University and balances and transactions relating to this program are included in the University’s basic financial statements. Loans outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. The program has been terminated by the Department of Education and therefore no new loans were made during the year ended June 30, 2025. The balance of loans outstanding at June 30, 2025 consists of: SEE FINANCIAL STATEMENTS FOR TABLE.

Finding Details

Finding 2025-001
Finding - Eligibility - Federal Direct Student Loan Program, Assistance Listing Number 84.268 and Federal Pell Grant Program, Assistance Listing Number 84.063: June 30, 2025 Award Year: U.S. Department of Education Criteria or Specific Requirement The amount of a student’s Pell Grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year. (34 CFR 690.62 through 690.66). Direct Loans are determined based on the criteria noted in 34 CFR 685.203(a),(b),(c). Condition Of the 40 students selected for eligibility testing, two students within the sample were incorrectly awarded aid based upon their specific circumstances. This was not a statistically valid sample. Cause In one instance, a student was under-awarded Pell Grant funds. The student's awards were prorated based on three semesters, however, the award should have been based on two semesters. In another instance, a student was under-awarded Subsidized Direct Loans. Based on their demonstrated financial need, the student should have received additional subsidized loan funds before being awarded unsubsidized loans. Effect The University's system of internal control did not prevent or detect these instances, thus, these students were either awarded the incorrect allocation of awards or under-awarded Title IV aid. Questioned Costs None. Identification as a Repeat Finding This is not a repeat finding. Recommendation The University should implement periodic quality control reports to allow for further accuracy checks. Views of Responsible Officials and Corrective Actions See corrective action plan.