Finding Text
Finding 2025-003: Eligibility Federal agency: U.S. Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.063, 84.033, 84.268, 84.007 Award Period: September 1, 2024, through August 31, 2025 Type of Finding: Significant Deficiency in Internal Control over Compliance Other Matters Criteria or Specific Requirement: In accordance with, 34 CFR 690.62 states the Pell grant for an academic year is based upon the payment and disbursement schedule published by the Secretary for each award year. The payment schedule takes into account the cost of attendance, Student Aid Index (SAI), and the enrollment status of the student. Condition/Context: During our testing of 40 students, which is a statistically valid sample, we noted 1 student was over-awarded Pell grant funds and 3 students were under-awarded Pell grant funds. Questioned Costs: $2,349 net under-award. Cause: The University's internal controls did not identify the errors for compliance with the criteria mentioned above. Effect: Certain students were under-awarded and over-awarded Pell funds. Repeat Finding: No. Recommendation: We recommend the University review its procedures to ensure that student award amounts calculated are accurate. Views of Responsible Officials: Please refer to the attached corrective action plan.