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SCHEDULE OF FINDINGS AND QUESTIONED COSTS for the year ended December 31, 2025 Section III – Federal Award Findings and Questioned Costs Finding 2025-001 – Inaccurate Reporting of Disbursement Records Grantor: U.S. Department of Education Program: Student Financial Assistance Cluster Assistance Listing#: 84.063, 84.268 Award Title: Federal Pell Grant Program, Federal Direct Student Loan Program Award Years: 7/2024 – 6/2026 Criteria 34 CFR 690.83(b)(2): An institution shall submit, in accordance with deadline dates established by the Secretary, through publication in the Federal Register, other reports and information the Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct. Federal Register Volume 86, Issue 119 (June 24, 2021) – 86 FR 33246: An institution must submit Pell Grant, Iraq and Afghanistan Service Grant, Direct Loan, and TEACH Grant disbursement records to the U.S. Department of Education’s (ED) Common Origination and Disbursement (COD) system. Per the 2025 OMB Compliance Supplement, key reporting requirements include award amount, enrollment date, verification status code (when the applicant is selected for verification), transaction number, cost of attendance, and the “Academic Start Date” and “Academic End Date”. Condition Of the population of students who were disbursed Federal Pell Grants and/or Direct Loans during the period January 1, 2025 through December 31, 2025, 25 students were selected to validate that the disbursement information was timely and accurately submitted to the COD system within 15 days of funds being disbursed to the student. Of the 25 students selected, seven instances were noted where the incorrect cost of attendance (COA) amount was reported to the COD system which did not match underlying student account detail within Regent, Brigham Young University-Idaho’s (the University’s) student financial aid (SFA) system. The differences between the COD reported amount and the amount within Regent ranged from $763 to $9,600. Cause The seven instances relate to a system error within Regent that occurred after the final term of the financial aid year when student records were transmitted again to the COD system. During the transmission process, the system applied incorrect data mapping logic, resulting in COA values being sourced from an incorrect data table rather than the table used for determining student eligibility with the system of record. As a result, the COA amounts within Regent remained accurate for purposes of calculating student eligibility for Title IV aid; however, incorrect COA amounts were transmitted to the COD system. Effect The University’s failure to submit accurate disbursement records may result in the ED rejecting all or part of the reported disbursement and/or additional adverse actions in accordance with 34 CFR 668. None of the exceptions noted affected the amount of aid awarded to the sampled students. Questioned Costs None. Repeat Finding in the Prior Year No. Recommendation We recommend that the University work with Regent to implement an update to the script that pulls the COA for reporting purposes and submit a correction file to the COD system for the affected students. Additionally, we recommend that management perform periodic review of reports to the COD system to ensure data is reported accurately. Management’s View and Corrective Action Plan Management’s response is reported in management’s views and corrective action plan included at the end of this report.