FAC Explorer

Finding 1167978 (2025-001)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
-
Year
2025
Accepted
2026-01-06
Audit: 379635
Organization: Bastyr University (WA)
Auditor: WEWORSKI & ASSOCAITES

AI Summary

  • Issue: Students did not receive notifications when loan funds were credited to their accounts.
  • Trend: This lack of communication may lead to confusion and mismanagement of funds by students.
  • Recommendation: Implement a system to ensure timely notifications are sent to students upon loan disbursement.

Finding Text

Loan disbursement notifications were not sent to students when loan funds were credited to the students' accounts

Corrective Action Plan

The University should take steps to provide loan disbursement notifications to all required students.

Categories

Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1167974 2025-001
    Material Weakness Repeat
  • 1167975 2025-001
    Material Weakness Repeat
  • 1167976 2025-001
    Material Weakness Repeat
  • 1167977 2025-001
    Material Weakness Repeat
  • 1167979 2025-002
    Material Weakness Repeat
  • 1167980 2025-002
    Material Weakness Repeat
  • 1167981 2025-002
    Material Weakness Repeat
  • 1167982 2025-002
    Material Weakness Repeat
  • 1167983 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $28.90M
93.925 SCHOLARSHIP FOR HEATH PROFESSIONALS STUDENTS DISADVANTAGED BACKGROUND $786,667
84.033 FEDERAL WORK-STUDY PROGRAM $154,190
84.063 FEDERAL PELL GRANT PROGRAM $135,190
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $36,875