Finding 1205711 (2025-007)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-04-01
Audit: 397416
Organization: Paine College (GA)

AI Summary

  • Core Issue: Missing documentation for required entrance and exit counseling for 2 out of 23 student loan files, leading to disbursement of Direct Loan funds without verification.
  • Impacted Requirements: Non-compliance with 34 CFR § 685.304(a) and (b) regarding counseling completion and documentation retention.
  • Recommended Follow-Up: Implement comprehensive policies for counseling verification, regularly reconcile counseling reports, and ensure documentation is retained in student files.

Finding Text

Finding 2025-007 - U.S. Department of Education (ED), Student Financial Assistance Cluster - Missing Documentation of Required Entrance and Exit Counseling (significant deficiency): Information on the Federal Program: Federal Pell Grant Program, FAL No. 84. 063, June 30, 2025; Federal Supplemental Educational Opportunity Grant (FSEOG), FAL No. 84.007, June 30, 2025; Federal Work-Study Program (FWS), FAL No. 84.033, June 30, 2025; Federal Direct Student Loans, FAL No. 84.268, June 30, 2025. Criteria – Per 34 CFR § 685.304(a), An institution must ensure that a first-time Direct Loan borrower must complete entrance counseling prior to loan disbursement. Per 34 CFR § 685.304(b), An institution must ensure that a Direct Loan borrower completes exit counseling when they cease to be enrolled at least half time or graduate. Per 34 CFR § 668.24(a), institutions must maintain documentation demonstrating compliance. Condition – During testing of student loan files, we identified that two (2) of 23 students did not have documentation demonstrating completion of required entrance or exit counseling after loan disbursement. Despite the missing of documentation, these students received Direct Loan funds without evidence that federally required counseling was completed. Cause – The exception appears to have resulted from lack of a formal tracking process to verify completion of entrance and exit counseling, failure to reconcile COD counseling completion reports with student files, and insufficient internal controls to prevent loan disbursement or student separation processing without required counseling documentation. Effect – The institution disbursed Direct Loan funds without verifying required counseling. Students may not have received critical information about loan terms, repayment obligations, and borrower rights and responsibilities. The weakness increases risk of improper loan administration and may impact the institution’s administrative capability under 34 CFR § 668.16. Questioned Costs – $0 Perspective – Entrance and exit counseling are fundamental borrower protection require-ments under the Direct Loan Program. Missing documentation in 9% of files (two (2) out of 23) indicates a systemic oversight issue, not an isolated occurrence. The Department of Education expects institutions to actively verify and retain evidence that counseling has been completed before disbursement and at separation. Repeat Finding – No Auditor’s Recommendation – The College should establish and implement comprehensive policies and procedures governing entrance and exit counseling for all borrowers by implementing counseling verification controls, perform regular counseling report reconciliation and retain documentation in student files. View of Responsible Officials – The institution is aware of this finding and has implemented a more stringent process to prevent this from recurring.

Corrective Action Plan

Uniform Guidance Financial and Compliance Audit-June 30, 2025, Ending Fiscal Year Paine College has developed a structured corrective action plan to address findings (2025- 001, 2025-002, 2025-003, 2025-004, and 2025-005) identified in the Uniform Guidance Financial and Compliance Audit. The institution is prioritizing the strengthening of internal controls, the improvement of financial oversight, and the enhancement of compliance monitoring to ensure responsible stewardship offederal funds and long-term institutional stability. The corrective action outlines each audit finding and the steps the College is taking to resolve the identified concerns.

Categories

Student Financial Aid Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1205698 2025-003
    Material Weakness Repeat
  • 1205699 2025-003
    Material Weakness Repeat
  • 1205700 2025-005
    Material Weakness Repeat
  • 1205701 2025-005
    Material Weakness Repeat
  • 1205702 2025-005
    Material Weakness Repeat
  • 1205703 2025-005
    Material Weakness Repeat
  • 1205704 2025-006
    Material Weakness Repeat
  • 1205705 2025-006
    Material Weakness Repeat
  • 1205706 2025-006
    Material Weakness Repeat
  • 1205707 2025-006
    Material Weakness Repeat
  • 1205708 2025-007
    Material Weakness Repeat
  • 1205709 2025-007
    Material Weakness Repeat
  • 1205710 2025-007
    Material Weakness Repeat
  • 1205712 2025-002
    Material Weakness Repeat
  • 1205713 2025-004
    Material Weakness Repeat
  • 1205714 2025-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $2.44M
84.063 FEDERAL PELL GRANT PROGRAM $1.86M
84.047 TRIO_UPWARD BOUND $429,258
84.042 TRIO_STUDENT SUPPORT SERVICES $420,418
84.031 HIGHER EDUCATION INSTITUTIONAL AID $412,232
15.932 PRESERVATION OF HISTORIC STRUCTURES ON THE CAMPUSES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS). $317,823
84.033 FEDERAL WORK-STUDY PROGRAM $293,686
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $236,590
84.120 MINORITY SCIENCE AND ENGINEERING IMPROVEMENT $43,531
16.525 GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, AND STALKING ON CAMPUS $26,075
47.076 EDUCATION AND HUMAN RESOURCES $10,003