FAC Explorer

Audit 42317

FY End
2022-06-30
Total Expended
$134.25M
Findings
14
Programs
87
Organization: Northern Kentucky University (KY)
Year: 2022 Accepted: 2023-03-27
Auditor: Forvis LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
47242 2022-001 - - N
47243 2022-001 - - N
47244 2022-001 - - N
47245 2022-001 - - N
47246 2022-001 - - N
47247 2022-001 - - N
47248 2022-001 - - N
623684 2022-001 - - N
623685 2022-001 - - N
623686 2022-001 - - N
623687 2022-001 - - N
623688 2022-001 - - N
623689 2022-001 - - N
623690 2022-001 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $89.05M Yes 1
84.063 Federal Pell Grant Program $13.14M Yes 1
84.425 Covid-19 Higher Education Emergency Relief Fund - Student $11.89M Yes 0
84.425 Covid-19 Higher Education Emergency Relief Fund - Institutional $11.23M Yes 0
84.038 Federal Perkins Loan Program $723,745 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $656,563 Yes 1
94.006 Americorps Prog 2022 $582,901 Yes 0
84.027 Kentucky Traineeship in Special Education 2022 $453,466 - 0
93.264 Nurse Faculty Loan Program (nflp) $385,577 Yes 1
84.033 Federal Work-Study Program $360,094 Yes 1
84.042 Trio_student Support Services $347,950 - 0
47.049 Mri: Sprectometer $335,114 Yes 0
84.047 Trio_upward Bound $315,914 - 0
11.307 Eda Sprint $298,162 Yes 0
93.732 Hrsa Opioid Family $293,269 - 0
93.732 Hsra Owep Paraprofes $292,909 - 0
16.838 Iir-Oud Partnerships $283,753 Yes 0
93.912 Hrsa Implementation $215,925 - 0
84.027 Kentucky Traineeship in Special Education 2021 $215,853 - 0
84.335 Ccampis Program $206,581 - 0
94.006 Arpa 3 - Americorps $200,512 Yes 0
94.006 Americorps Prog 2021 $182,884 Yes 0
47.076 S3oar 2019-2023 $179,472 Yes 0
93.778 1115 Substance Use $169,748 Yes 0
11.020 16 Nky-Hii $169,296 Yes 0
21.027 Covid Mitigation $139,426 - 0
94.006 Arpa 2 - Americorps $107,294 Yes 0
93.113 Nih Area Curran $106,695 Yes 0
93.279 Nih Area Yates $104,799 Yes 0
93.558 Ktap 2022 $104,543 - 0
93.778 Quality Strategy $104,512 Yes 0
93.859 Nih Area Strome $85,022 Yes 0
93.912 Cc Implementation $79,043 - 0
16.525 Norse Violence Prevention Project $74,637 - 0
47.076 Stem Ready - Math $72,417 Yes 0
93.859 Nih Area Guy $61,870 Yes 0
84.425 Covid-19 Cpe Geer $54,677 - 0
10.351 Rural Business Enterprise $47,809 - 0
93.273 Nih Area Brumback $46,444 Yes 0
93.859 Kbrin Guy Bridge $45,731 Yes 0
93.859 Kbrin Shelton Idea 3 $42,054 Yes 0
43.001 NASA Helix $38,428 Yes 0
93.859 Kbrin William Idea#3 $37,789 Yes 0
93.859 Kbrin Strome Post Do $36,433 Yes 0
43.001 NASA Iss-Cream $34,513 Yes 0
94.006 Arpa 1 - Americorps $33,000 Yes 0
93.279 Minority Stress $29,688 Yes 0
93.124 Hrsa Nat Program $28,987 - 0
84.U00 Americorps National Service Trust $26,352 - 0
93.859 Kyinbre Curan Bridge $25,970 Yes 0
93.279 Jcoin Rapid Response $25,630 Yes 0
93.859 Kbrin Bardget Bridge $23,956 Yes 0
43.001 Helix Bridge $22,186 Yes 0
84.323 Teaching Modules $22,067 - 0
93.859 Kbrin Curran Postdoc $22,058 Yes 0
93.859 Kyinbre William Idea $20,719 Yes 0
94.013 Vista 2021 $19,972 - 0
12.903 Gencyber $19,012 - 0
93.859 Kyinbre Yates Bridge $17,741 Yes 0
59.037 Federal Sbcd 20-21 $17,675 - 0
93.859 Kyinbre Shifley Idea $16,759 Yes 0
93.859 Kbrin Ma Cure $16,211 Yes 0
93.859 Kbrin Yates Postdoc3 $15,763 Yes 0
93.859 Kyinbre Shelton Idea $11,907 Yes 0
47.049 Rui: Ketones $11,154 Yes 0
47.076 Teen Sc Resource Gui $9,358 - 0
93.859 Kyinbre Strome Postd $8,315 Yes 0
93.859 Kbrin Lead $7,878 Yes 0
84.334 Cpe Gear Up Ky $7,650 - 0
93.658 Pcwcp 2022 $7,041 - 0
94.006 Fixed Ky Advising Ac $6,626 Yes 0
93.859 Kyinbre Guy Post Doc $6,556 Yes 0
93.279 Healing Communities $5,762 Yes 0
84.425 Summer Elevating Education $5,080 - 0
10.680 Biological Control $5,055 Yes 0
47.075 Reu: Parker Academy $5,030 Yes 0
43.008 Origama Robot Development $4,915 Yes 0
47.075 Georgia Bight $3,975 Yes 0
93.279 Nih Yates-Supplement $3,748 Yes 0
93.859 Kbrin Brumpostdoidea $3,694 Yes 0
15.805 Aerobic Scope in Ky $3,041 Yes 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $2,808 Yes 1
93.859 Kyinbre Brumbac Ptdo $2,031 Yes 0
94.013 Vista 2020 $1,840 - 0
93.859 Kyinbre Ma Cure $1,707 Yes 0
84.425 New Teacher Support $1,569 - 0
47.049 Stellar Companions $1,375 Yes 0

Contacts

Name Title Type
LN53C9E23GH6 Barb Smith Auditee
8595726456 Jim Creeden Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Northern Kentucky University (University) under programs of the federal government for the year ended June 30, 2022. 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 position or cash flows of the University. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The federal loan programs listed subsequently are administered directly by the University, and balances and transactions relating to these programs are included in the Universitys 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. FEDERAL PERKINS LOAN PROGRAM (84.038) - Balances outstanding at the end of the audit period were 634648. NURSE FACULTY LOAN PROGRAM (NFLP) (93.264) - Balances outstanding at the end of the audit period were 356010.
Title: Note 2 Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Northern Kentucky University (University) under programs of the federal government for the year ended June 30, 2022. 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 position or cash flows of the University. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB A21, Cost Principles for Educational Institutions or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Note 4 Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Northern Kentucky University (University) under programs of the federal government for the year ended June 30, 2022. 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 position or cash flows of the University. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The University did not receive any donated personal protective equipment during the year (unaudited).

Finding Details

Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.
Finding 2022-001
U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.