FAC Explorer

Audit 391780

FY End
2025-06-30
Total Expended
$12.14M
Findings
2
Programs
7
Organization: Letourneau University (TX)
Year: 2025 Accepted: 2026-03-13
Auditor: FORVIS MAZARS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1179391 2025-001 Material Weakness Yes N
1179392 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $8.29M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $2.98M Yes 1
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $375,126 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $276,500 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $119,074 Yes 0
43.002 AERONAUTICS $74,317 Yes 0
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $28,763 Yes 0

Contacts

Name Title Type
GKEEPUL16D56 Lori Beaty Auditee
9032334111 Maura Jackson Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of LeTourneau University (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 (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 loan programs listed subsequently are administered directly by the University, and balances and transactions relating to these programs are included in the University’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2025 consists of: Assistance Listing Number 84.038, Program Name Federal Perkins Loan Program, Outstanding Balance at June 30, 2025 $178,742. For purposes of the Schedule, loans made to students under the Federal Direct Students Loans program are presented as federal expenditures. Neither the funds advanced to the students, nor the outstanding loan balance are included in the consolidated financial statements, since the loans are made and subsequently collected by the federal government.

Finding Details

Finding 2025-001
Federal Pell Grant Program, Assistance Listing Number 84.063 and Federal Direct Student Loans, Assistance Listing Number 84.268 -U.S. Department of Education; Program Year 2024-2025 Criteria or specific requirement – Special Tests and Provisions – Enrollment Reporting (34 CFR 690.93(b)(2); 34 CFR 682.610; 34 CFR 685.309). Institutions are required to report enrollment information. Condition - The University’s processes and controls did not ensure accurate and timely student status reporting to the National Student Loan Data System (NSLDS). Questioned costs – None Context – Out of the population of 288 students with student attendance changes, a sample of 25 students was selected for testing. Our sampling method was not, and was not intended to be, statistically valid. There were 14 attributes tested for each student with at least one status change, which were as follows: Campus-Level records: 1. OPEID Number 2. Enrollment Effective Date 3. Enrollment Status 4. Certification Date Program-Level records: 5. OPEID 6. CIP Code 7. CIP Year 8. Credential Level 9. Published Program Length Measurement 10. Published Program Length 11. Program Begin Date 12. Program Enrollment Status 13. Program Enrollment Effective Date Other Records: 14. Student changed his or her permanent address The University reported the incorrect enrollment effective date for 22 students in the program level records, and the University recorded the incorrect enrollment status for 1 student in both the campus and program level records. Cause – The University did not have appropriate controls and processes in place to ensure status changes are reported accurately and timely. Effect or potential effect – The University did not report the status changes accurately and timely. Identification as a repeat finding, if applicable – 2024-002 Recommendation – The University should review internal controls surrounding reporting of student status changes to ensure compliance. Views of responsible officials and planned corrective actions – See accompanying corrective action plan