Finding Text
FINDING 2025-002: UNPAID REFUNDS FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL PELL GRANT PROGRAM AND FEDERAL DIRECT LOAN PROGRAM ALN: 84.063 & 84.268 FEDERAL AWARD YEAR: 2024-2025 Compliance Requirement: Special Tests and Provisions (N.) - Return of Title IV Funds Condition: We tested twenty-two drop students and noted two unpaid refunds. We consider this finding to bean instance of non-compliance. Effect: The result is the Institution is retaining monies which need to be returned to the Department of Criteria: Refunds, if necessary, must be calculated and made within 45 calendar days of the date the student withdraws (34 CFR 668.22, 685.306). Cause: The condition was caused by oversights in the financial aid department. Question Costs: $5,808 Statistical sampling was not used when making sample selections. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan. Recommendation: As $2,674 has since been refunded to the Department of Educaiton, we recommend the Institution refund the $3,134 to the Department of Education and increase controls over paying refunds.