Finding Text
FISAP Reporting U.S. DEPARTMENT OF EDUCATION ALN #: 84.007, 84.033, 84.038 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The College did not accurately report certain items relating to Perkins Loan reporting on the FISAP report. Criteria: 34 CFR 668.24(e) Questioned Costs: $0 Context: The College did not properly report Perkins loan information on the most recent FISAP. Additionally, the College did not maintain underlying support for tuition and fees reported on the FISAP. Cause: Due to turnover in key management positions. Effect: FISAP information was not accurately reported as required. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College work with the Department of Education to correct errors in the Perkins loan portions of the FISAP. We also recommend the College develop a document retention process for underlying support for future FISAP reports. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.