FAC Explorer

Audit 46684

FY End
2022-05-31
Total Expended
$47.73M
Findings
2
Programs
21
Organization: University of the Sciences in Philadelphia (PA)
Year: 2022 Accepted: 2022-11-14
Auditor: Grant Thornton LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
39338 2022-002 Significant Deficiency - N
615780 2022-002 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $33.73M Yes 1
93.342 Health Professions Student Loans, Including Primary Care Loans/loans for Disadvantaged Students $4.20M Yes 0
84.425 Education Stabilization Fund $2.04M Yes 0
84.063 Federal Pell Grant Program $1.98M Yes 0
84.038 Federal Perkins Loan Program $1.87M Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $299,696 Yes 0
84.033 Federal Work-Study Program $235,023 Yes 0
98.001 Usaid Foreign Assistance for Programs Overseas $151,895 Yes 0
93.866 Aging Research $110,164 Yes 0
93.859 Biomedical Research and Research Training $97,135 Yes 0
93.279 Drug Abuse and Addiction Research Programs $85,444 Yes 0
93.243 Substance Abuse and Mental Health Services_projects of Regional and National Significance $72,398 Yes 0
47.074 Biological Sciences $58,509 Yes 0
93.286 Discovery and Applied Research for Technological Innovations to Improve Human Health $48,349 Yes 0
47.049 Mathematical and Physical Sciences $33,034 Yes 0
93.398 Cancer Research Manpower $31,897 Yes 0
93.855 Allergy, Immunology and Transplantation Research $27,400 Yes 0
93.350 National Center for Advancing Translational Sciences $16,622 Yes 0
93.394 Cancer Detection and Diagnosis Research $12,858 Yes 0
93.865 Child Health and Human Development Extramural Research $7,259 Yes 0
93.847 Diabetes, Digestive, and Kidney Diseases Extramural Research $1,436 Yes 0

Contacts

Name Title Type
MBZWNCF63HL5 John Dyer Auditee
6106601123 Angelica Roiz 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 the University of the Sciences in Philadelphia (the University) and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Federal loans issued to students of the University by the federal Department of Education during the 11-month period ended May 31, 2022 are shown on the Schedule. The University is responsible only for the performance of certain administrative duties with respect to the Direct Loans, and accordingly, these loans are not included in the Universitys financial statements and it is not practical to determine the balance of loans outstanding to students and former students of the University under these programs. The University also participates in and administers certain student loan programs. Amounts reported in the Schedule for the Federal Perkins Loan Program (84.038) and Health Professions Student Loans (93.342) represent the loan balances outstanding at the beginning of the year, an administrative cost allowance and loans made during the period. The balance of Federal Perkins loans outstanding as of May 31, 2022 was $1,680,894. The balance of the Health Professions Student Loans outstanding as of May 31, 2022 was $4,201,669. The University did not receive a federal capital contribution nor make any matching contribution in 2022.

Finding Details

Finding 2022-002
Criteria: An institution is required to establish written policies and procedures that incorporate the provisions of 34 CFR 668.51 through 668.61 for verifying applicant information for those applicants selected for verification by ED. The institution shall require each applicant whose application is selected by ED to verify the information required for the Verification Tracking Group to which the applicant is assigned. However, certain applicants are excluded from the verification process as listed in 34 CFR 668.54(b). The institution shall also require applicants to verify any information used to calculate an applicant?s EFC that the institution has reason to believe is inaccurate and provide an accurate code for the individual?s verification status in the Common Origination and Disbursement (COD) system. (34 CFR 668.54(a); FSA Handbook Application and Verification Guide, Chapter 4). For the 2021-2022 processing year, the requirement for verification of most Free Application for Federal Student Aid/Institutional Student Information Record (FAFSA?/ISIR) information was waived by ED due to COVID-19, except for Identity/Statement of Educational Purpose and High School Completion Status under Verification Tracking Groups V4 and V5, as outlined in Dear Colleague Letter GEN-21- 05. However, this waiver does not exempt institutions from resolving conflicting information if concerns arise. Condition: One out of the six students selected for V4 (Custom Verification Group) was not verified. The verification packet was returned incomplete from the student; however the University?s financial aid department marked the verification as being complete. Context: The selected student?s verification packet was incomplete but was marked as complete by the University. Cause: The University?s financial aid team received the V4 Verification Worksheet from the student. The V4 Verification Worksheet requires the student to fill out certain personal information, a statement of educational purpose (provided in person, or notarized), and proof of high school completion. In the selected instance, the student did not fill out the statement of educational purpose portion of the verification packet. Upon return of the form, it was reviewed and approved by university staff within the system, despite the supporting packet being incomplete. Effect: Verification of selected students was not completed. Questioned costs: None. Repeat Finding: No. Recommendation: We recommend that management adheres consistently to its policies around the verification of student information to ensure compliance with verification requirements. We further recommend that management perform a monitoring review for the list of students selected for verification at a level of precision that would identify any errors or instances of noncompliance with federal requirements and that this review be documented. Views of Responsible Officials: As discussed in Note A to the financial statements, the University merged with and into Saint Joseph?s University on June 1, 2022.
Finding 2022-002
Criteria: An institution is required to establish written policies and procedures that incorporate the provisions of 34 CFR 668.51 through 668.61 for verifying applicant information for those applicants selected for verification by ED. The institution shall require each applicant whose application is selected by ED to verify the information required for the Verification Tracking Group to which the applicant is assigned. However, certain applicants are excluded from the verification process as listed in 34 CFR 668.54(b). The institution shall also require applicants to verify any information used to calculate an applicant?s EFC that the institution has reason to believe is inaccurate and provide an accurate code for the individual?s verification status in the Common Origination and Disbursement (COD) system. (34 CFR 668.54(a); FSA Handbook Application and Verification Guide, Chapter 4). For the 2021-2022 processing year, the requirement for verification of most Free Application for Federal Student Aid/Institutional Student Information Record (FAFSA?/ISIR) information was waived by ED due to COVID-19, except for Identity/Statement of Educational Purpose and High School Completion Status under Verification Tracking Groups V4 and V5, as outlined in Dear Colleague Letter GEN-21- 05. However, this waiver does not exempt institutions from resolving conflicting information if concerns arise. Condition: One out of the six students selected for V4 (Custom Verification Group) was not verified. The verification packet was returned incomplete from the student; however the University?s financial aid department marked the verification as being complete. Context: The selected student?s verification packet was incomplete but was marked as complete by the University. Cause: The University?s financial aid team received the V4 Verification Worksheet from the student. The V4 Verification Worksheet requires the student to fill out certain personal information, a statement of educational purpose (provided in person, or notarized), and proof of high school completion. In the selected instance, the student did not fill out the statement of educational purpose portion of the verification packet. Upon return of the form, it was reviewed and approved by university staff within the system, despite the supporting packet being incomplete. Effect: Verification of selected students was not completed. Questioned costs: None. Repeat Finding: No. Recommendation: We recommend that management adheres consistently to its policies around the verification of student information to ensure compliance with verification requirements. We further recommend that management perform a monitoring review for the list of students selected for verification at a level of precision that would identify any errors or instances of noncompliance with federal requirements and that this review be documented. Views of Responsible Officials: As discussed in Note A to the financial statements, the University merged with and into Saint Joseph?s University on June 1, 2022.