Audit 6851

Criteria Per the Federal Student Aid Handbook, financial need is determined based on Cost of Attendance, less Expected Family Contribution and other estimated financial aid. Condition and Context Of our sample of 60 student files, 1 case was noted where a student received a combination of subsidized and unsubsidized loans that did not agree with the differences between the cost of attendance and the student’s expected family contribution and other financial aid received. Cause A student received an additional scholarship that was not allocated to the proper loan type. Effect The student’s awards contained incorrect allocations for subsidized and unsubsidized loans. Questioned Costs Known differences in subsidized and unsubsidized loans were $1,075, and likely questioned loan awards were $12,212. Recommendation We recommend that the College perform a review of student awards with a combination of subsidized and unsubsidized loans and make adjustments to students’ awards where deemed necessary. We also recommend that the College correct the loan packages for such student identified and conduct the proper loan change process for the proper allocation of loan types. Views of Responsible Officials and Corrective Action Plan The College has made the recommended adjustments. The College has implemented procedures to assist in ensuring that student awards are reviewed and proper adjustments between loan types are made, when determined necessary.

Criteria Per the Federal Student Aid Handbook, post-withdrawl disbursements for Title IV grant funds must be disbursed within 45 days of the date the College determined the student withdrew. Condition and Context Of our sample of 60 student files, 1 case was noted where a student received FSEOG funds on April 13, 2023 after the student officially withdrew on February 2, 2023. Cause The College had additional FSEOG funds to award late in the Spring semester and did not identify an awarded student as being withdrawn. Effect The student’s received awards in excess of eligibility. Questioned Costs Known overpayments were $126, and likely questioned amounts were $775. Recommendation We recommend that the College implement additional procedures to ensure all withdrawn students are identified for all departments of the College. We also recommend that the College return $126 to the FSEOG program. Views of Responsible Officials and Corrective Action Plan The College has made the recommended repayment. The College has implemented procedures to assist in ensuring that withdrawn students are identified and known between all departments of the College.

Criteria Per the Federal Student Aid Handbook, financial need is determined based on Cost of Attendance, less Expected Family Contribution and other estimated financial aid. Condition and Context Of our sample of 60 student files, 1 case was noted where a student received a combination of subsidized and unsubsidized loans that did not agree with the differences between the cost of attendance and the student’s expected family contribution and other financial aid received. Cause A student received an additional scholarship that was not allocated to the proper loan type. Effect The student’s awards contained incorrect allocations for subsidized and unsubsidized loans. Questioned Costs Known differences in subsidized and unsubsidized loans were $1,075, and likely questioned loan awards were $12,212. Recommendation We recommend that the College perform a review of student awards with a combination of subsidized and unsubsidized loans and make adjustments to students’ awards where deemed necessary. We also recommend that the College correct the loan packages for such student identified and conduct the proper loan change process for the proper allocation of loan types. Views of Responsible Officials and Corrective Action Plan The College has made the recommended adjustments. The College has implemented procedures to assist in ensuring that student awards are reviewed and proper adjustments between loan types are made, when determined necessary.

Criteria Per the Federal Student Aid Handbook, post-withdrawl disbursements for Title IV grant funds must be disbursed within 45 days of the date the College determined the student withdrew. Condition and Context Of our sample of 60 student files, 1 case was noted where a student received FSEOG funds on April 13, 2023 after the student officially withdrew on February 2, 2023. Cause The College had additional FSEOG funds to award late in the Spring semester and did not identify an awarded student as being withdrawn. Effect The student’s received awards in excess of eligibility. Questioned Costs Known overpayments were $126, and likely questioned amounts were $775. Recommendation We recommend that the College implement additional procedures to ensure all withdrawn students are identified for all departments of the College. We also recommend that the College return $126 to the FSEOG program. Views of Responsible Officials and Corrective Action Plan The College has made the recommended repayment. The College has implemented procedures to assist in ensuring that withdrawn students are identified and known between all departments of the College.