Finding Text
Criteria or Specific Requirement Special tests and provisions – Return of Title IV Funds Condition Incorrect Return of Title IV Funds were calculated for four students. Context Out of a sample of six students that officially or unofficially withdrew with Federal Aid, the University used the incorrect number of days in the calculation for four students. Effect Return of Title IV Funds calculations were incorrect for four students. Cause The University used the incorrect number of days in the calculation for four students due to failing to exclude scheduled breaks over 5 days in the total semester days. Recommendation The University should establish a review system to verify that the number of semester days utilized in Return of Funds calculations is determined correctly.