Finding Text
Federal Agency: U.S. Department of Education
Federal Program Name: Student Financial Aid Cluster
Assistance Listing Numbers: 84.063, 84.268, 84.007, 84.033
Federal Award Identification Numbers: P007A233144, P063P231946, P033A233144, P268K241946
Award Period: July 1, 2023 – June 30, 2024
Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters
Criteria or Specific Requirement: In accordance with 34 CFR 668.22(a)(1), when a recipient of
Title IV grant or loan assistance withdraws from an institution during a payment period or period of
enrollment in which the recipient began attendance, the institution must determine the amount of Title
IV grant or loan assistance that the student earned as of the student’s withdrawal date.
Condition: During our testing, it was noted that an R2T4 calculation was not completed.
Questioned Costs: N/A
Context: One out of ten students selected for testing should have had a R2T4 calculation completed
upon withdrawing from the University.
Cause: The University’s controls over performing R2T4 calculations were not functioning as designed.
Effect: The University is not following guidelines to calculate and return funds depending upon the date
of the student’s withdrawal.
Repeat Finding: No
Recommendation: We recommend the University review the R2T4 requirements and ensure their
process incorporates a review of students to ensure no calculations are missed that should be
performed.
2024 – 005: Return of Title IV (R2T4) Funds (Continued)
Views of Responsible Officials: There is no disagreement with the audit finding and the University is
in the process of implementing corrective procedures.