Finding Text
Federal Program Information: Student Financial Assistance Cluster:
ALN 84.007 – Federal Supplemental Educational Opportunity Grants
ALN 84.033 – Federal Work-Study Program
ALN 84.063 – Federal Pell Grant Program
ALN 84.268 – Federal Direct Student Loans
Criteria: 34 CFR 668.22 requires the college to determine the amount of Title IV fund that the student earned as of the student’s withdrawal date. 34 CFR 668.22(j) requires the college to return program funds within 45 days of the determination date of withdrawal, and to determine the date of withdrawal within 30 days after the period of enrollment.
Condition: Two students in a sample of twenty-five tested did not meet the time requirements related to the Return of Title IV funds (R2T4).
Questioned Costs: None
Context: For two of the twenty-five students tested, the College did notcomply with the 30-day date of determination requirement which resulted in the late return of Title IV funds.
Cause/Effect: Due to technical issues experienced during the computer system migration of the College’s IT Modernization project, the report writer used to identify withdrawn students and perform R2T4 calculations was not functional for a period of time during the Spring semester.
Recommendation: We recommend management implement mitigating controls over compliance to ensure that all students requiring a return of funds calculation are identified and return of funds procedures are performed timely and accurately in the event of future technological interruptions.