Finding Text
Federal Agency: United States Department of Education Federal Program Name: Student Financial Aid Assistance Listing Number: Student Financial Aid Cluster Award Period: July 1, 2024 to June 30, 2025 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 674.19, 34 CFR 675.19, 34 CFR 676.19 and 20 U.S.C. 1094 require institutions to accurately report information to the Department of Education via the FISAP. Condition: Audit testing identified that tuition and fees reported on the FISAP were understated by $107,109. The University had until December 15, 2025 to submit a corrected FISAP, and the updated report reflecting the accurate tuition and fees was submitted on December 12, 2025. Questioned Costs: None Context: We noted the University understated the tuition and fees on the FISAP. Cause: A portion of the fees were inadvertently omitted from the tuition and fees reported on the FISAP. Effect: The FISAP is not accurately stated Repeat Finding: No. Recommendation: We recommend that the University establish procedures to ensure that FISAP is accurately presented. Views of Responsible Officials: There is no disagreement with the audit finding.