Finding 10275 (2023-001)

Significant Deficiency
Requirement
EN
Questioned Costs
$1
Year
2023
Accepted
2024-01-26

AI Summary

  • Core Issue: Three students received an over-award of Pell and/or loans due to incorrect cost of attendance calculations.
  • Impacted Requirements: Compliance with 34 CFR 690.63 and 34 CFR 673.5 regarding Pell disbursement and financial need calculations.
  • Recommended Follow-Up: Implement a thorough review system for cost of attendance and Federal aid calculations to ensure accuracy for each student.

Finding Text

Criteria: Per 34 CFR 690.63, Pell must be disbursed in the exact amount per Pell payment schedules based on their enrollment status, cost of attendance, and expected family contribution. Per 34 CFR 673.5, loans can only be disbursed if, combined with the other estimated financial assistance the student receives, it does not exceed the student’s financial need. It is noted that improperly calculating the cost of attendance can result in an incorrect amount of Pell being disbursed, as well as possible over- or under-awarding of overall aid. Condition/context: Of the 40 students selected for general eligibility testing within the Student Financial Aid Cluster, three students were determined to have received an over-award of Pell and/or loans. Cause: Western Wyoming Community College (the College) utilized the incorrect cost of attendance, which was based on full-time attendance for two semesters for all students, even if those students were only planning to attend a single semester, and the review processes in place failed to identify errors. Effect: If the Student Financial Aid Office does not properly calculate and disburse Federal aid to students, the College could possibly lose the right to Federal funding. Questioned costs: $9,218 Identification as a repeat finding: No. Recommendation: The College should develop, implement, and maintain a more thorough system of review of the cost of attendance and Federal aid calculations in order to ensure that the proper factors for each student are utilized. Views of responsible officials: Management concurs with the finding. See Exhibit I for the corrective action plan.

Categories

Questioned Costs Student Financial Aid Eligibility Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 10269 2023-001
    Significant Deficiency
  • 10270 2023-002
    Significant Deficiency
  • 10271 2023-003
    Significant Deficiency
  • 10272 2023-004
    Significant Deficiency
  • 10273 2023-001
    Significant Deficiency
  • 10274 2023-001
    Significant Deficiency
  • 10276 2023-002
    Significant Deficiency
  • 10277 2023-002
    Significant Deficiency
  • 10278 2023-002
    Significant Deficiency
  • 10279 2023-003
    Significant Deficiency
  • 10280 2023-003
    Significant Deficiency
  • 10281 2023-003
    Significant Deficiency
  • 10282 2023-004
    Significant Deficiency
  • 10283 2023-004
    Significant Deficiency
  • 10284 2023-004
    Significant Deficiency
  • 586711 2023-001
    Significant Deficiency
  • 586712 2023-002
    Significant Deficiency
  • 586713 2023-003
    Significant Deficiency
  • 586714 2023-004
    Significant Deficiency
  • 586715 2023-001
    Significant Deficiency
  • 586716 2023-001
    Significant Deficiency
  • 586717 2023-001
    Significant Deficiency
  • 586718 2023-002
    Significant Deficiency
  • 586719 2023-002
    Significant Deficiency
  • 586720 2023-002
    Significant Deficiency
  • 586721 2023-003
    Significant Deficiency
  • 586722 2023-003
    Significant Deficiency
  • 586723 2023-003
    Significant Deficiency
  • 586724 2023-004
    Significant Deficiency
  • 586725 2023-004
    Significant Deficiency
  • 586726 2023-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.02M
84.063 Federal Pell Grant Program $1.85M
21.027 Coronavirus State and Local Fiscal Recovery Funds $621,500
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $544,389
84.425 Education Stabilization Fund $181,556
93.859 Biomedical Research and Research Training $170,466
84.048 Career and Technical Education -- Basic Grants to States $159,704
93.575 Child Care and Development Block Grant $141,824
84.007 Federal Supplemental Educational Opportunity Grants $26,100
84.033 Federal Work-Study Program $16,734
11.307 Economic Adjustment Assistance $9,388
47.076 Education and Human Resources $7,105
84.002 Adult Education - Basic Grants to States $2,446
45.129 Promotion of the Humanities_federal/state Partnership $876
81.089 Fossil Energy Research and Development $634