FAC Explorer

Audit 389123

FY End
2025-06-30
Total Expended
$11.23M
Findings
1
Programs
13
Organization: Guilford College (NC)
Year: 2025 Accepted: 2026-02-25
Auditor: BROWN EDWARDS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1175411 2025-002 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $6.65M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $3.28M Yes 0
84.031 HIGHER EDUCATION INSTITUTIONAL AID $305,583 Yes 0
11.020 CLUSTER GRANTS $180,636 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $137,481 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $124,245 Yes 0
84.021 OVERSEAS PROGRAMS - GROUP PROJECTS ABROAD $95,589 Yes 0
16.525 GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, AND STALKING ON CAMPUS $83,752 Yes 0
15.945 COOPERATIVE RESEARCH AND TRAINING PROGRAMS – RESOURCES OF THE NATIONAL PARK SYSTEM $40,949 Yes 0
45.129 PROMOTION OF THE HUMANITIES FEDERAL/STATE PARTNERSHIP $33,133 Yes 0
19.040 PUBLIC DIPLOMACY PROGRAMS $32,926 Yes 0
84.425 EDUCATION STABILIZATION FUND $17,523 Yes 0
47.076 STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) $4,000 Yes 0

Contacts

Name Title Type
S7A8DEPHENF8 Danielle Pfaff Auditee
3363162422 John Hash Auditor
No contacts on file

Notes to SEFA

The College is responsible only for the performance of certain administrative duties with respect to its Federal Direct Loan program and, accordingly, these loans are not included in its consolidated financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the College under these programs as of June 30, 2025.
The College participated in the FPL Program sponsored by the U.S. government. Under this program, funds were loaned to qualified students and were re-loaned after collection. The U.S. government phased out the program and no disbursements were permitted or made after June 30, 2018. At June 30, 2025, cumulative loans outstanding (net of principal repayments, cancellations, and allowances) totaled $749,773.

Finding Details

Finding 2025-002
2025-002 – Incorrect Calculation of Title IV Refunds (Significant Deficiency) Department of Education, SFA Cluster, Special Tests and Provisions Condition: From a population of 74 students that officially or unofficially withdrew during the term, we tested nine students and noted that four students required refund calculations. From the fall 2024 semester calculations we noted that the College did not deduct Thanksgiving break of nine days, November 23, 2024 through December 1, 2024, from the total days in the semester .Criteria: The total number of calendar days in a payment period or period of enrollment includes all days within the period that a student was scheduled to complete, except that scheduled breaks of at least five consecutive days are excluded from the total number of calendar days in a payment period or period of enrollment and the number of calendar days completed in that period (34 CFR Section 668.22(f)(2)(i)). Cause: Controls to ensure proper calculation of Title IV refunds did not function as related to the condition above. Effect: Calculations were incorrect for the three students tested that officially or unofficially withdrew during the fall 2024 term resulting in an incorrect amount of funds returned to the student and the Department of Education. Repeat Finding: No. Recommendation: We recommend the college implement procedures for accurate preparation and calculation of Title IV refunds. View of Responsible Officials: The College is in agreement with the recommendation to implement procedures for accurate preparation and calculation of Title IV refunds.