Finding Text
Federal Assistance Listing Number: 84.007 Federal Supplemental Educational Opportunity Grant(“FSEOG”), 84.033 Federal Work-Study Program (“FWS”), 84.038 Federal Perkins Loan Program (“Perkins”) Criteria: Per the federal register and the federal student aid electronic communication, the deadline for the electronic submission of the Fiscal Operations Report for 2024-25and the Application to Participate for 2026-27 (“FISAP”) was 11:59 pm eastern time on October 1, 2025. Transmission must be completed prior to midnight. Additionally, the signature page must be printed, signed, and mailed by the October 1, 2025 deadline. Condition: The College did not submit the FISAP for Award Year July 1, 2024 - June 30, 2025 (Application Award Year July 1, 2026 - June 30, 2027) until October 3, 2025 and did not sign the signature page until October 15, 2025. Cause: The financial aid department at the College experienced staff turnover during the year which resulted in the College not meeting the submission and filing deadline. Effect: The College is not in compliance with the federal regulations regarding the submission of the FISAP and related signature page which may require the College to return campus-based aid drawn down for the FSEOG, FWS, and Perkins programs in the amount of approximately $441,023 for the 2024-2025 award year. Additionally, this may impact the College’s eligibility to receive campus-based aid for the 2026-2027 school year. The College has requested a waiver from the Department of Education for not meeting the submission and filing deadline. As of the date of the report, the waiver is pending approval therefore it is uncertain whether the return of the 2024-2025 campus-based aid (FSEOG of $87,862, FWS of $152,318, and Perkins of $200,842 totaling $441,023) will be required. Prevalence: The College did not submit the FISAP until October 3, 2025 and did not sign the signature page until October 15, 2025. Recommendation: The College should improve their control processes to ensure timely reporting and submission of the FISAP and related signature page. Management’s Response and Planned Corrective Action: Management identified the issue on October 3, 2025 and made the FISAP submission immediately and filed the signature page on October 15, 2025. The issue resulted from staff turnover during the year. Upon discovery, management promptly updated procedures, including adding calendar reminders to avoid such missed occurrences going forward. Additionally, the College has submitted a waiver request with the Department of Education to avoid the return of $441,023 in campus-based aid and to obtain eligibility to receive campus-based aid for the 2026-2027 school year. As of the date of the report, a response to the waiver request from the Department of Education has not been received.