Audit 398733

FY End
2024-06-30
Total Expended
$12.74M
Findings
8
Programs
4
Organization: Salem University LLC (IN)
Year: 2024 Accepted: 2026-04-14

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
1206632 2024-001 Material Weakness Yes L
1206633 2024-002 Material Weakness Yes L
1206634 2024-003 Material Weakness Yes N
1206635 2024-004 Material Weakness Yes N
1206636 2024-005 Material Weakness Yes N
1206637 2024-006 Material Weakness Yes N
1206638 2024-007 Material Weakness Yes N
1206639 2024-008 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $8.85M Yes 6
84.063 FEDERAL PELL GRANT PROGRAM $3.62M Yes 2
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $246,561 Yes 0
84.033 Federal Work Study $24,505 Yes 0

Contacts

Name Title Type
T864TXKPJ447 Virginia Verble Auditee
3046292810 Ryan Malouf Auditor
No contacts on file

Notes to SEFA

None

Finding Details

Of the 12 Roster files required to be submitted by the Institution during the audit period, 10 Roster files were not submitted in a timely manner. The July 1, 2023 and August 1, 2023 rosters, were submitted on August 31, 2023; the September through February 2024 rosters, were updated on February 29, 2024; and April through June 2024 were not reported.
The graduation rate supporting data file did not agree to the student data submitted by the Institution for the applicable cohort year for 1 student in our sample of 5 students. In addition, documentation of the annual Student-Right-to-Know (SRTK) notification to students was overstated.
In 3 of 120 files tested, ineligible Title IV funds were not returned within the required time frame. The 3 students withdrew from the Institution and Return to Title IV calculations were not required. The students had not completed the required credit or clock hours at the time of withdrawal to qualify for the funds disbursed.
In 1 of 73 Federal Pell Grant files tested, the student was overawarded in 2023-24 Federal Pell Grant funds in the amount of $601. The student was overpaid due to a change in enrollment status. Total questioned costs are $601.
In 1 of the 120 files tested, the file did not contain evidence of a high school diploma or GED. The student received $925 in Federal Pell Grant Program and $950 in Federal Direct Subsidized Loan Program. Total questioned costs are $1,875.
Of 60 files tested for refund compliance, the refund for 1 student had not been paid. The student’s last day of attendance was April 28, 2024. The withdrawal date was May 8, 2024. A refund is due to the Federal Direct Loan Program in the amount of $45. Total questioned costs are $45.
Return of Title IV funds payments were not paid within the required time frame for 2 of the 60 withdrawn student files tested.
Of 60 withdrawn files tested for refund calculation accuracy, 28 student files had refunds due to R2T4 calculations. Of the 28 student files with refunds, 14 student files contained incorrect Return of Title IV Funds calculations with respect to incorrect last day of attendance, completed days, and/or total days in the payment period.