Finding Text
Federal Agency: U.S. Department of Education
Federal Program Title: Student Financial Aid
Assistance Listing Number: Student Financial Aid Cluster
Award Period: July 1, 2023 to June 30, 2024
Type of Finding:
Significant Deficiency in Internal Control Over Compliance
Other Matters
Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 690.62 states the Pell grant for an academic year is based upon the payment and disbursement scheduled published by the Secretary for each award year. The payment schedules take into account the cost of attendance, the student’s EFC and the enrollment status of the student.
Condition: During our testing, we noted 6 of the 40 students selected for eligibility testing were underawarded
Pell for the fiscal year due to a system software limitation causing student to not be awarded for more than two semesters.
Questioned Costs: None
Context: During our testing, we noted 6 of the 40 students selected for eligibility testing were underawarded Pell for the fiscal year due to a system software limitation causing student to not be awarded for more than two semesters.
Cause: Pell grants were computed utilizing enrollment for no more than two semesters in the fiscal year, causing some students to be under-awarded.
Effect: Students were under-awarded Pell funds.
Repeat Finding: No.
Auditor’s Recommendation: We recommend that a review is implemented which compares enrolled credits to Pell award to ensure all Pell funds are awarded at proper amounts.
Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.