Finding Text
Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster ALN Numbers: Various Award Period: July 1, 2024 through June 30, 2025 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or Specific Requirement: The Code of Federal Regulations, requires calculations of Title IV aid for all students who have withdrawn or declared a Leave of Absence during the middle of a school period where aid was received. Condition: We noted that 1 out of the 8 selections did not have the correct calculation of their R2T4 amount causing an error in funds required to return. Questioned Costs: $113 Context: There were instances of issues with an automatic calculation and no proper review was performed. Cause: The College’s processes and controls did not ensure that student's return was calculated properly due to a system error. The College has review in place, but reviewer did not catch issue. Effect: The calculation of what needs to be returned is not proper. Repeat Finding: No Recommendation: We recommend the Institute review all calculations to confirm accuracy. Views of Responsible Officials: There is no disagreement with the audit finding.