FAC Explorer

Audit 402637

FY End
2025-08-31
Total Expended
$39.27M
Findings
2
Programs
9
Organization: Point Park University (PA)
Year: 2025 Accepted: 2026-05-29
Auditor: BAKER TILLY US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1216158 2025-001 Material Weakness Yes N
1216159 2025-002 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $31.66M Yes 2
84.063 FEDERAL PELL GRANT PROGRAM $6.62M Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $393,631 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $342,375 Yes 0
64.116 VETERAN READINESS AND EMPLOYMENT $139,342 Yes 0
84.126 REHABILITATION SERVICES VOCATIONAL REHABILITATION GRANTS TO STATES $61,557 Yes 0
16.029 OFFICE ON VIOLENCE AGAINST WOMEN SPECIAL PROJECTS $41,918 Yes 0
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $13,500 Yes 0
17.245 TRADE ADJUSTMENT ASSISTANCE $5,500 Yes 0

Contacts

Name Title Type
ZMPHH84J4NN4 Tracy Claybaugh Auditee
4123928165 Thomas Walenchok Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Point Park University (University) under programs of the federal government for the year ended August 31, 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.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where applicable and available.
The total loans granted under the Federal Direct Student Loan Program, which were not made by the University but were received by its students, were approximately $31,700,000 for the year ended August 31, 2025. Federal award expenditures include loans administered under the Federal Direct Student Loan Program during the year ended August 31, 2025.
The University has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
Federal Program: Student Financial Assistance Cluster - Federal Direct Student Loans Federal Agency: U.S. Department of Education Pass-Through Entity: Not applicable Assistance Listing Number: 84.268 Federal Award Year: August 31, 2025 Criterion: Title IV regulations (34 CFR 668.22) requires that when a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date in accordance with Federal regulations and return the unearned portion of the grant or loan funds to the Title IV programs as soon as possible but no later than 45 days after the withdrawal date. Condition and Context: The return of Title IV funding for one student, out of seven selected for testing, was not returned within 45 days of withdrawal. The sample was not statistically valid. Questioned Costs: None Cause: The University did not properly calculate the number of days following the students withdrawal due to a reporting error. Effect: The University returned the correct amount after the 45 day requirement. Recommendation: The University should reevaluate the existing process and related control to ensure that the Title IV funds are returned timely. Management Response: Management agrees with the finding. The Director of Financial Aid will ensure the implementation of procedures and controls in fiscal 2026 to ensure timely return of Title IV funds.
Finding 2025-002
Federal Program: Student Financial Assistance Cluster - Federal Direct Student Loans Federal Agency: U.S. Department of Education Pass-Through Entity: Not applicable Assistance Listing Number: 84.268 Federal Award Year: August 31, 2025 Criterion: Title IV regulations (34 CFR 685.309(b)) require that upon receipt of an enrollment report from the Secretary of the Department of Education (Secretary), institutions must update all information included in the report and return the report to the Secretary: (i) in the manner and format prescribed by the Secretary; and (ii) within the timeframe prescribed by the Secretary. Unless the institution expects to submit its next updated enrollment report to the Secretary within the next 60 days, an institution must notify the Secretary within 30 days after the date the institution discovers that: (i) a loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a halftime basis or failed to enroll on at least a half-time basis for the period for which the loan was intended or (ii) a student who is enrolled at the institution and who received a loan under Title IV of the Act has changed his or her permanent address. Condition and Context: Exceptions were noted for 2 out of the 25 students tested. The exceptions are noted as follows:  For 1 student, the withdrawal date reported to the National Student Loan Data System (NSLDS) did not agree to University support.  For 1 student, an incorrect status was reported to NSLDS. The sample was not statistically valid. Cause: There was miscommunication between University departments that lead to the noted exceptions. Effect: The accuracy of the Title IV student loan records depends heavily on the accuracy of the enrollment information reported by schools. If an institution does not review, update, and verify student enrollment statuses, effective dates of the enrollment status, and the anticipated completion dates, then the Title IV student loan records will be inaccurate. Recommendation: The University should reevaluate the existing process and related control to ensure timely and accurate reporting of status changes. Management Response: Management agrees with the finding. The Director of Financial Aid will ensure the implementation of procedures and controls in fiscal 2026 to ensure timely and accurate reporting.