FAC Explorer

Finding 11296 (2023-001)

Significant Deficiency
Requirement
E
Questioned Costs
$1
Year
2023
Accepted
2024-02-01
Audit: 15156
Organization: Saint Peter's University and Affiliates (NJ)
Auditor: Cliftonlarsonallen LLP

AI Summary

  • Core Issue: A student received an incorrect Pell grant due to outdated information from their FASFA.
  • Impacted Requirements: Compliance with 34 CFR 690.62 regarding accurate Pell grant calculations based on the latest EFC and enrollment status.
  • Recommended Follow-Up: Implement a process to regularly review and update FASFA changes before disbursing Pell funds.

Finding Text

Federal Agency: U.S. Department of Education Federal Program Name: Student Financial Assistance Cluster Assistance Listing Number: 84.063 Award Period: July 1, 2022 – June 30, 2023 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 schedule published by the Secretary for each award year. The payment schedule takes into account the cost of attendance, the student’s estimated family contribution (EFC) and the enrollment status of the student. Condition: 1 of 40 students tested was under awarded and disbursed Pell grant funds. Questioned costs: $450. Context: An incorrect EFC was used to calculate the Pell award. Cause: The student made changes to their Free Application for Federal Student Aid (FASFA) and the University did not use the most updated version of the student’s FASFA. Effect: A student was under awarded and disbursed Pell funds. Repeat Finding: No. Recommendation: We recommend that the University establish a process to review changes and updates to a student’s FASFA prior to disbursing funds to ensure the most up to date and accurate information is being used for Pell awards. Views of responsible officials: There is no disagreement with the audit finding.

Corrective Action Plan

Student Financial Aid Cluster – Federal Assistance Listing Number 84.063 Recommendation: We recommend that the University establish a process to review changes and updates to a student’s FASFA prior to disbursing funds to ensure the most up to date and accurate information is being used for Pell awards. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: The error was identified prior to the end of the award year and the student’s award was corrected. The ISIR Alert Report (IART) is generated during the ISIR import process and identifies all ISIR transaction updates. All updates are reviewed and the student accounts are updated appropriately where necessary prior to the completion of the rest of the import process. The office of Financial Aid will add a 2nd reviewer of the IART report. Name(s) of the contact person(s) responsible for corrective action: Jennifer Ragsdale, Director of Student Financial Aid, (201) 761-6060 Planned completion date for corrective action plan: Completed

Categories

Questioned Costs Student Financial Aid Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 11297 2023-002
    Significant Deficiency
  • 11298 2023-002
    Significant Deficiency
  • 11299 2023-002
    Significant Deficiency
  • 11300 2023-002
    Significant Deficiency
  • 11301 2023-003
    Significant Deficiency
  • 11302 2023-003
    Significant Deficiency
  • 11303 2023-003
    Significant Deficiency
  • 11304 2023-003
    Significant Deficiency
  • 11305 2023-003
    Significant Deficiency
  • 11306 2023-003
    Significant Deficiency
  • 11307 2023-004
    Significant Deficiency
  • 11308 2023-004
    Significant Deficiency
  • 11309 2023-004
    Significant Deficiency
  • 11310 2023-004
    Significant Deficiency
  • 11311 2023-004
    Significant Deficiency
  • 11312 2023-004
    Significant Deficiency
  • 587738 2023-001
    Significant Deficiency
  • 587739 2023-002
    Significant Deficiency
  • 587740 2023-002
    Significant Deficiency
  • 587741 2023-002
    Significant Deficiency
  • 587742 2023-002
    Significant Deficiency
  • 587743 2023-003
    Significant Deficiency
  • 587744 2023-003
    Significant Deficiency
  • 587745 2023-003
    Significant Deficiency
  • 587746 2023-003
    Significant Deficiency
  • 587747 2023-003
    Significant Deficiency
  • 587748 2023-003
    Significant Deficiency
  • 587749 2023-004
    Significant Deficiency
  • 587750 2023-004
    Significant Deficiency
  • 587751 2023-004
    Significant Deficiency
  • 587752 2023-004
    Significant Deficiency
  • 587753 2023-004
    Significant Deficiency
  • 587754 2023-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $6.58M
84.031 Higher Education_institutional Aid $508,225
84.287 Twenty-First Century Community Learning Centers $447,697
84.007 Federal Supplemental Educational Opportunity Grants $385,184
84.033 Federal Work-Study Program $356,432
64.027 Post-9/11 Veterans Educational Assistance $355,961
84.268 Federal Direct Student Loans $301,207
84.042 Trio_student Support Services $280,405
47.076 Education and Human Resources $104,275
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $92,879
64.125 Vocational and Educational Counseling for Servicemembers and Veterans $80,547
84.425 Education Stabilization Fund $67,546
97.024 Emergency Food and Shelter National Board Program $11,547