Finding Text
2024 – 003
Federal Agency: Department of Education
Federal Program Name: Student Financial Assistance Cluster
Assistance Listing Numbers:
84.007 – Federal Supplemental Education Opportunity Grants 84.063 – Federal Pell Grant Program
84.268 – Federal Direct Student Loans
Award Period: July 1, 2023 through June 30, 2024
Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters
Criteria or Specific Requirement:
Each University that participates in federal Title IV financial aid programs is required to obtain an Eligibility and Certification Approval Report. This report includes certain information about the University including which financial aid programs the University is eligible for, locations of the University and top management and board officials. Any time there is a change in top management, including the President, Director of Financial Aid and Senior VP for Business, Finance and Technology, this is required to be reported within 10 days. During the year, it was noted that changes were not always reported within the required 10 days. We recommend the University review their procedures around updating this report to ensure compliance with Department of Education requirements.
Condition:
The University had not updated changes in top management positions within the allotted 10-day timeframe.
Questioned Costs:
N/A
Context:
The University did not have an official process is in place to ensure top management positions were updated timely.
Cause:
The University did not properly update management positions on the Eligibility and Certification Approval Report in a timely fashion.
Effect:
The University is not in compliance with Department of Education requirements.
Recommendation:
We recommend that the University review its procedures related to updating the Eligibility and Certification Approval Report in a timely fashion.
Views of responsible officials:
Management agrees with the findings and has developed a plan to correct the finding.