Finding Text
Federal Program – Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work-Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Program Year – June 1, 2024 – May 31, 2025 Criteria or Specific Requirement – Special Tests - Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determination that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – The earned percentage, based upon the enrollment period determined and the amount of aid to return, was calculated incorrectly. The University over-returned funds to the Department of Education because of the error in the calculation. Questioned Costs – $11, CFDA 84.268 Context – Of a sample of four return of funds tested from a population of ten performed during the examination period, one calculation was not performed correctly. Our sample was not, and was not intended to be, statistically valid. Cause – The enrollment period was calculated incorrectly. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – No Recommendation – We recommend the University be diligent in performing secondary reviews to ensure the calculations are performed correctly along with review of inputs into the system to ensure the proper number of days are included in each term. Views of Responsible Officials and Planned Corrective Action – There is no disagreement with the audit finding. There will be review of the return of funds calculation.