Finding Text
Verification Significant Deficiency
DEPARTMENT OF EDUCATION
ALN #: 84.268, 84.063
Federal Award Identification #: 2023-2024 Award Year
Condition: As required under 34 CFR 668.56, for students who are flagged for verification, the University is required to obtain underlying tax and other information to verify that amounts are properly reported on the ISIR and correct the ISIR if there are discrepancies. The University did not complete verification accurately for three students.
Criteria: 34 CFR 668.56
Questioned Costs: $4,300
Context: Out of 9 tested for verification, 3 students had an incorrect number in household and number in family reported that caused a change in expected family contribution. Two of those students resulted in a total of $4,300 over awarded in the student’s Pell grants. One additional student was not recalculated as the federal system for updates was closed.
Cause: The verification corrections did not process fully within Regent. There was not proper review of student’s files to ensure the correct information was updated on the ISIR used for packaging the student’s financial aid.
Effect: Need based aid and specifically Pell grants are impacted directly by the results of verification
Identification as repeat finding, if applicable: Not applicable
Recommendation: We recommend the University periodically review verification completed for students with need-based aid for accuracy and ensure any corrections are properly reflected in the student information system.
Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.