Finding Text
Finding number: 2024-007 Federal agency: U.S. Department of Education Programs: Student Financial Assistance Cluster Assistance Listing #: 84.063 Award year: 2024 Criteria According to 34 CFR 690.62(a) The amount of a student's Pell Grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year. Condition Federal regulations require the College to calculate and award pell grant funds based upon the published payment and disbursement schedules. During our testing, we noted 2 students, out of a sample of 60, who received pell awards below their eligible limit of $ 1,848 and $925, respectively. Cause The College did not properly calculate the earned Pell for 2 of 60 tested students. Effect The college under awarded Pell in the amount of $2,773. Questioned Costs $2,773 Perspective Our sample was not, and was not intended to be, statistically valid. Of the 60 students selected for testing, 2 students, or 3.33% of our sample, were under awarded Pell grants totaling $2,773. Identification as a Repeat Finding, if applicable Not applicable Recommendation We recommend that management of the College review, and if necessary, update the policies and procedures to ensure all Pell awards are properly calculated. View of Responsible Officials The College agrees with the finding and has implemented the corrective action plan within the management corrective action plan section of this report and has awarded the correct amounts to the student’s accounts.