Finding Text
Miscalculation of Student Cost of Attendance Finding Type. Immaterial Noncompliance/Significant Deficiency in Internal Control over Compliance (Eligibility). Program. Student Financial Assistance Cluster; U.S. Department of Education and U.S. Department of Health and Human Services; Assistance Listing Numbers 84.007, 84.033, 84.038, 84.063, 84.379, 84.268 and 93.364; Award Numbers P007A242029, P033A242029, P038A172029, P063A232029, P063P240235, P379T240235, P268K240235 and P268K250235. Criteria. The University must accurately estimate the cost to attend the university for the fiscal year. Condition. Of the 40 students tested, we noted 1 student's Cost of Attendance (COA) was inaccurately updated after initial packaging due to the budget not being locked in the system. Cause. The University lacks a review process to ensure student budgets are locked upon initial packaging and cannot be modified without appropriate review and approval. Effect. As a result of this condition, the University is not in compliance with federal guidelines. Questioned Costs. No costs are required to be questioned as a result of this finding, inasmuch as no unallowable expenditures were noted. Recommendation. We recommend that the University implement a review process to ensure that all student budgets are locked after initial packaging and no changes made without proper review and approval. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.