Finding 30457 (2022-003)

Significant Deficiency
Requirement
E
Questioned Costs
$1
Year
2022
Accepted
2023-03-29
Audit: 25152
Organization: Newberry College (SC)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: Two students received incorrect Pell grant amounts due to oversight in enrollment calculations.
  • Impacted Requirements: Compliance with 34 CFR 690.63(b) regarding accurate Pell grant awards based on enrollment status.
  • Recommended Follow-Up: Implement a regular review process for Pell grant awards to ensure alignment with current enrollment status.

Finding Text

Incorrect Pell Calculations Significant Deficiency U.S. DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: For 2 students out of 33 tested, the incorrect Pell grant amount was awarded. Criteria: 34 CFR 690.63(b) Questioned Costs: $406 Context: One student?s Pell grant was under awarded based on enrollment level because the College did not include their January-term enrollment when calculating Pell grant. The other student?s Pell grant was not adjusted to reflect current enrollment before the College started a Return to Title IV calculation. As a result, the student was over awarded Pell grant by $406. Cause: Both instances were oversight by the College. Effect: Pell was not awarded correctly based on enrollment status. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend a process be used to regularly review Pell grant awards to ensure they are paid in alignment with enrollment status. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

Incorrect Pell Calculations Planned Corrective Action: The College has instituted a process to regularly review Pell grant awards to ensure they are paid in alignment with enrollment status. Persons Responsible for Corrective Action Plan: Chief Financial Officer David Sayers and Interim Director of Financial Aid Chris Dominick Anticipated Date of Completion: Fiscal Year 2022-23

Categories

Questioned Costs Student Financial Aid Significant Deficiency

Other Findings in this Audit

  • 30455 2022-004
    Significant Deficiency
  • 30456 2022-004
    Significant Deficiency
  • 30458 2022-005
    -
  • 30459 2022-005
    -
  • 30460 2022-005
    -
  • 30461 2022-006
    - Repeat
  • 30462 2022-002
    Significant Deficiency
  • 606897 2022-004
    Significant Deficiency
  • 606898 2022-004
    Significant Deficiency
  • 606899 2022-003
    Significant Deficiency
  • 606900 2022-005
    -
  • 606901 2022-005
    -
  • 606902 2022-005
    -
  • 606903 2022-006
    - Repeat
  • 606904 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $26.02M
84.268 Federal Direct Student Loans $8.98M
84.063 Federal Pell Grant Program $3.31M
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $2.29M
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $2.21M
84.038 Federal Perkins Loan Program $869,468
81.041 State Energy Program $514,685
84.007 Federal Supplemental Educational Opportunity Grants $191,880
84.033 Federal Work-Study Program $81,335
97.036 Covid-19 Disaster Grants - Public Assistance (presidentially Declared Disasters) $10,589
45.129 Covid-19 Promotion of the Humanities_federal/state Partnership $5,000