FAC Explorer

Finding 1206636 (2024-005)

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

AI Summary

  • Issue: One file lacked proof of a high school diploma or GED.
  • Impact: This affects compliance with funding requirements for Federal Pell Grants and Direct Loans.
  • Follow-up: Review and verify documentation for all student files to prevent questioned costs.

Finding Text

In 1 of the 120 files tested, the file did not contain evidence of a high school diploma or GED. The student received $925 in Federal Pell Grant Program and $950 in Federal Direct Subsidized Loan Program. Total questioned costs are $1,875.

Corrective Action Plan

The Institution conducted staff training on documentation requirements; develop checklists and call guides; and regular audits of student files.

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1206632 2024-001
    Material Weakness Repeat
  • 1206633 2024-002
    Material Weakness Repeat
  • 1206634 2024-003
    Material Weakness Repeat
  • 1206635 2024-004
    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