Finding Text
Criteria: A student’s total aid may not exceed the student’s financial need (Section 472, HEA).
Condition: One of the forty student files (2.5%) we examined, we noted the student was awarded aid in excess of her cost of attendance budget. We consider this condition to be an instance of noncompliance to the Eligibility compliance requirement and is not a repeated finding. Statistical sampling was not used in making sample selections.
Questioned Costs: $280
Cause and Effect: Without proper review of cost of attendance budgets students may receive funds in excess of their cost of attendance.
Recommendation: We recommend the College refund $280 and increase controls over student aid packaging.
Views of Responsible Officials: Management agrees with this Single Audit Finding and response is included in the Corrective Action Plan.