Finding 1104933 (2024-003)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-03-17
Audit: 346502
Organization: Lyon College (AR)

AI Summary

  • Core Issue: Incorrect academic calendar dates were used in withdrawal calculations for all ten students tested.
  • Impacted Requirements: This violates federal guidelines on calculating instructional time as per the Federal Student Aid Handbook.
  • Recommended Follow-Up: The College should create and implement new policies and procedures to ensure compliance with the correct dates.

Finding Text

Finding 2024-003: Policies and Procedures Related to Withdrawals – SFA Cluster (significant deficiency) Statement of Condition: From our testing sample of ten (10) students, we found ten (10) instances where the incorrect dates of the academic calendar were used to calculate the percentage of the semester attended. Criteria: In accordance with Volume 3 Chapter 1 of the Federal Student Aid Handbook, “the number of weeks of instructional time is based on the period that generally begins on the first day of classes in the academic year and ends on the last day of classes or the last day of examinations, whichever is later”. Effect of Condition: We found ten (10) instances where the last of classes (instead of the last day of finals) was used on the student’s R2T4 calculations. Cause of Condition: The College believed the last day of classes was considered the last day of the academic period. Recommendation: We recommend the College develop policies and procedures to address this issue. Management’s Response: Management agrees and will submit a Corrective Action Plan to implement these recommendations immediately.

Categories

Significant Deficiency

Other Findings in this Audit

  • 528490 2024-002
    Significant Deficiency Repeat
  • 528491 2024-003
    Significant Deficiency
  • 528492 2024-004
    Significant Deficiency Repeat
  • 528493 2024-002
    Significant Deficiency Repeat
  • 528494 2024-003
    Significant Deficiency
  • 528495 2024-004
    Significant Deficiency Repeat
  • 528496 2024-002
    Significant Deficiency Repeat
  • 528497 2024-003
    Significant Deficiency
  • 528498 2024-004
    Significant Deficiency Repeat
  • 528499 2024-002
    Significant Deficiency Repeat
  • 528500 2024-003
    Significant Deficiency
  • 528501 2024-004
    Significant Deficiency Repeat
  • 528502 2024-002
    Significant Deficiency Repeat
  • 528503 2024-003
    Significant Deficiency
  • 528504 2024-004
    Significant Deficiency Repeat
  • 1104932 2024-002
    Significant Deficiency Repeat
  • 1104934 2024-004
    Significant Deficiency Repeat
  • 1104935 2024-002
    Significant Deficiency Repeat
  • 1104936 2024-003
    Significant Deficiency
  • 1104937 2024-004
    Significant Deficiency Repeat
  • 1104938 2024-002
    Significant Deficiency Repeat
  • 1104939 2024-003
    Significant Deficiency
  • 1104940 2024-004
    Significant Deficiency Repeat
  • 1104941 2024-002
    Significant Deficiency Repeat
  • 1104942 2024-003
    Significant Deficiency
  • 1104943 2024-004
    Significant Deficiency Repeat
  • 1104944 2024-002
    Significant Deficiency Repeat
  • 1104945 2024-003
    Significant Deficiency
  • 1104946 2024-004
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $3.20M
84.063 Federal Pell Grant Program $1.46M
84.047 Trio_upward Bound $372,645
93.859 Biomedical Research and Research Training $182,715
10.855 Distance Learning and Telemedicine Loans and Grants $116,476
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $101,762
84.033 Federal Work-Study Program $93,119
84.007 Federal Supplemental Educational Opportunity Grants $58,393
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $15,998
43.008 Education $535