Finding Text
Federal Agency: U.S. Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Numbers: 84.063, 84.268, 84.007, 84.033 Federal Award Identification Numbers: P007A243144, P063P241946, P033A243144, P268K251946 Award Period: July 1, 2024 – June 30, 2025 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: In accordance with 34 CFR 668.22(a)(1), when a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student’s withdrawal date. Condition: During our testing, it was noted that an R2T4 calculation was not completed. Questioned Costs: N/A Context: One out of seven students selected for testing should have had a R2T4 calculation completed upon withdrawing from the University. Cause: The University’s controls over performing R2T4 calculations were not functioning as designed. Effect: The University is not following guidelines to calculate and return funds depending upon the date of the student’s withdrawal. Repeat Finding: Yes, 2024-005 Recommendation: We recommend the University review the R2T4 requirements and ensure their process incorporates a review of students to ensure no calculations are missed that should be performed. Views of Responsible Officials: There is no disagreement with the audit finding and the University is in the process of implementing corrective procedures.