Finding Text
Federal Agency: U.S. Department of Education
Federal Program Name: Federal Pell Grant Program
Assistance Listing Number: 84.063
Federal Award Identification Number and Year: P063P191818; P063P231818; P063P241818; P063Q221818; P063Q231818 - 2024
Award Period: 7/1/2023 – 6/30/2024
Type of Finding: Significant Deficiency in Internal Control Over Compliance, Other Matters
Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 690.62 states the Pell grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year. The payment schedules take into account the cost of attendance, the student’s Estimated Family Contribution (EFC) and the enrollment status of the student.
Condition: One out of a sample of forty students was under-awarded Pell grant funds.
Questioned costs: $501
Context: During our testing, it was noted one student was under-awarded Pell due to the University using the incorrect EFC in the calculation.
Cause: The University calculated the student’s Pell award with an incorrect EFC.
Effect: The student was under-awarded Pell funds.
Repeat finding: No.
Recommendation: We recommend that a review is implemented to ensure calculations of Pell awards are using the correct EFC.
Views of responsible officials: There is no disagreement with the audit finding.