Finding 20454 (2022-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-02-09
Audit: 19257

AI Summary

  • Core Issue: The College miscalculated financial aid for students who withdrew, leading to incorrect returns of aid.
  • Impacted Requirements: Compliance with 34 CFR part 668 regarding withdrawal dates and aid calculations.
  • Recommended Follow-up: Improve policies and procedures for the withdrawal process and establish checks to ensure accurate compliance.

Finding Text

Finding 2022-002 ? Special Tests and Provisions: Withdrawal Testing (Significant Deficiency and Noncompliance) Information on the federal program: U.S. Department of Education Student Financial Aid Cluster Criteria: 34 CFR part 668 establishes rules governing the student withdrawal process, including determination of the withdrawal date, calculation of earned Title IV assistance and return of unearned Title IV aid within 45 days. Condition: We selected a sample of 25 students who withdrew and were receiving financial aid. Of the 25 students tested, there were three instances in which the College incorrectly calculated the percentage of aid earned.Cause: The College did not correctly calculate the amount of aid earned by using the date the withdrawal form was processed rather than the date the student completed the form. Effect: The College returned the incorrect amount of financial aid. Recommendation: We recommend the College strengthen its policies and procedures surrounding the withdrawal process to accurately document each requirement, and implement checks and balances to ensure compliance with withdrawal requirements. Views of Responsible Officials: See Management?s View and Corrective Action Plan included at the end of the report.

Categories

Special Tests & Provisions Student Financial Aid Significant Deficiency

Other Findings in this Audit

  • 20447 2022-001
    Material Weakness
  • 20448 2022-001
    Material Weakness
  • 20449 2022-002
    Significant Deficiency
  • 20450 2022-001
    Material Weakness
  • 20451 2022-002
    Significant Deficiency
  • 20452 2022-001
    Material Weakness
  • 20453 2022-002
    Significant Deficiency
  • 596889 2022-001
    Material Weakness
  • 596890 2022-001
    Material Weakness
  • 596891 2022-002
    Significant Deficiency
  • 596892 2022-001
    Material Weakness
  • 596893 2022-002
    Significant Deficiency
  • 596894 2022-001
    Material Weakness
  • 596895 2022-002
    Significant Deficiency
  • 596896 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $13.81M
84.063 Federal Pell Grant Program $10.98M
84.268 Federal Direct Student Loans $6.36M
84.002 Adult Education - Basic Grants to States $585,803
84.033 Federal Work-Study Program $393,856
84.007 Federal Supplemental Educational Opportunity Grants $332,332
84.048 Career and Technical Education -- Basic Grants to States $256,923
23.011 Appalachian Research, Technical Assistance, and Demonstration Projects $195,995
17.259 Wia Youth Activities $166,172
17.258 Wia Adult Program $79,122
14.218 Community Development Block Grants/entitlement Grants $35,000
23.002 Appalachian Area Development $26,762
97.024 Emergency Food and Shelter National Board Program $4,439
17.278 Wia Dislocated Worker Formula Grants $3,980