Uniform Guidance Corrective Action Plan Year ended June 30, 2025 Federal Finding #2025-001 Direct Loans are determined based on the criteria noted in 34 CFR 685.203(a),(b),(c). Students should be allocated the appropriate potion of subsidized loan funds before being awarded unsubsidized loan funds. Quinnipiac University agrees with the finding. In one instance, a student was under-awarded Subsidized Direct Loans. The student was awarded the appropriate annual amount of direct loans, however received only unsubsidized direct loans. The student should have been allocated a portion of subsidized loan funds before being awarded all unsubsidized loan funds. In another instance, a student was under-awarded Subsidized Direct Loans. Based on their demonstrated financial need, the student should have received additional subsidized loan funds before being awarded unsubsidized loan funds. As a result of this finding, Management implemented an exception report on December 9th, 2025, that will identify students who were awarded less than their maximum subsidized eligibility but have remaining need eligibility. This report will be run at least monthly to identify those students and will allow for their loans to be revised on a timely basis. In addition, the University is in the process of a software modernization project and while working with software consultants, the University plans to review all processes in accordance with best practice recommendations so that they are designed to meet current regulations. If the Office of Management and Budget have questions regarding this plan, please reach out to Kelly Osorio, University Director of Financial Aid, who is responsible for ensuring this corrective action plan is implemented, at 203-582-7446.