Finding 1206635 (2024-004)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2026-04-14
Audit: 398733
Organization: Salem University LLC (IN)

AI Summary

  • Answer: One student was overawarded $601 in Federal Pell Grant funds due to a change in enrollment status.
  • Trend: This issue highlights the risk of overawarding funds when enrollment statuses change.
  • List: Follow up by reviewing enrollment status changes and ensuring accurate grant calculations to prevent future overawards.

Finding Text

In 1 of 73 Federal Pell Grant files tested, the student was overawarded in 2023-24 Federal Pell Grant funds in the amount of $601. The student was overpaid due to a change in enrollment status. Total questioned costs are $601.

Corrective Action Plan

The Institution enhanced staff training on award calculations; implement system enhancements for enrollment status monitoring; and quarterly reveiws of Federal Pell Grant files.

Categories

Student Financial Aid

Other Findings in this Audit

  • 1206632 2024-001
    Material Weakness Repeat
  • 1206633 2024-002
    Material Weakness Repeat
  • 1206634 2024-003
    Material Weakness Repeat
  • 1206636 2024-005
    Material Weakness Repeat
  • 1206637 2024-006
    Material Weakness Repeat
  • 1206638 2024-007
    Material Weakness Repeat
  • 1206639 2024-008
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $8.85M
84.063 FEDERAL PELL GRANT PROGRAM $3.62M
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $246,561
84.033 Federal Work Study $24,505