Finding Text
2025-005 – Return of Title IV (R2T4) Calculations Federal Agency: U.S. Department of Education Federal Program Name: Federal Pell Grant Program, Federal Direct Student Loans, Federal Supplemental Education Opportunity Grants Assistance Listing Number: 84.063, 84.268, 84.007 Federal Award Identification Number and Year: P268K241818; P268K251818; P063P231818; P063P241818; P007A232600; PA007A242600 - 2025 Award Period: 7/1/2024 – 6/30/2025 Type of Finding: Significant Deficiency in Internal Control Over Compliance, Other Matters Criteria or specific requirement: Federal regulations require institutions to determine a student’s withdrawal date and calculate the percentage of the payment period completed to determine the amount of Title IV aid earned. Institutionally scheduled breaks of five or more consecutive days must be excluded from the calculation (34 CFR 668.22(f)(2)(i)). Regulations also define withdrawal dates for institutions that are required to take attendance and those that are not (34 CFR 668.22). Condition: Testing disclosed that in 1 out of 12 R2T4 calculations, an incorrect withdrawal date was used. Questioned costs: $51. Context: During our testing, we noted 1 instance where an incorrect withdrawal date was used in the calculation. Cause: Human error resulted in incorrect data being used. Effect: An incorrect amount of Title IV funds was returned to the Department of Education. Repeat finding: No. Recommendation: We recommend the University review and strengthen its policies and procedures for completing R2T4 calculations to ensure accurate inputs. Views of responsible officials: There is no disagreement with the audit finding.