Finding 1096731 (2024-001)

Assistance Listing Number, Federal Agency, and Program Name - Student Financial Assistance Cluster - TEACH Grants ALN 84.379, Federal Supplemental Education Opportunity Grant Program ALN 84.007, Federal Direct Student Loan Program ALN 84.268, and Federal Pell Grant Program ALN 84.063 Federal Award Identification Number and Year - Various Pass through Entity - None Finding Type - Significant deficiency Repeat Finding - No Criteria - There is no review of Return of Title IV calculations after they are prepared. Condition - The University does not have controls in place for review of Return of Title IV calculations. Questioned Costs - None Identification of How Questioned Costs Were Computed - Not applicable Context - There is no review of Return of Title IV calculations after they are prepared. The University completed 24 Return of Title IV calculations during the year. Cause and Effect - Lack of review of Return of Title IV calculations increases the opportunity that errors in the calculation will not be identified and corrected. Recommendation - The University should implement controls for review of Return of Title IV calculations. Views of Responsible Officials and Corrective Action Plan - The University agrees with the condition of the controls finding. The Calvin Financial Aid Office does not utilize the Workday provided R2T4 calculation software, electing to perform the calculations manually. Pertinent information is gathered regarding the withdrawn student and calculations are performed using the R2T4 worksheets provided by the US Department of Education. All information is saved for each calculation. Upon hearing of the concern for lack of control the Calvin Financial Aid Office added a second individual to the withdrawn student process. This person will review the calculation steps to ensure correct data was collected and math calculations were done correctly.