Finding Text
Finding 2023-001 – U.S. Department of Education (USDE), Title IV Student Financial Aid Programs (Significant Deficiency):
Information on the federal program: Federal Direct Student Loans, FAL No. 84.268, June 30, 2023; Federal Pell Grants Program, FAL No. 84.063, June 30, 2023; Federal Supplemental Educational Opportunity Grant, FAL No. 84.007, June 30, 2023; Federal Work-Study Program, FAL No. 84.033, June 30, 2023
Criteria – Federal regulations governing Title IV programs.
Condition – Non-compliances were noted, as more fully described in the context below.
Questioned Costs – As provided below.
Context – We observed the following conditions in connection with our testing of the various U.S. Department of Education, Title IV, Student Financial Assistance Programs.
■ The College had differences in the following programs which were not reconciled to the general ledger: Federal Pell Grant and Federal Direct Student Loans.
Cause – Oversight by responsible employees.
Effect – The College’s participation in the Title IV programs could be subject to USDE sanctions as applicable.
Repeat Finding – No.
Auditor’s Recommendation – The College should implement corrective actions to ensure that the above findings are resolved and will not recur in future periods.
Views of Responsible Officials – The College accepts the auditor’s recommendations and will establish procedures going forth to ensure that Financial Aid and Business Office staff identify and correct any differences between the programs and the general ledger.