Finding 33442 (2022-005)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-06-05
Audit: 28952
Organization: Bethesda University (CA)
Auditor: Ckp

AI Summary

  • Core Issue: One student lacked necessary calculations for Title IV aid, and four students did not return funds within the required 45 days.
  • Impacted Requirements: Compliance with 34 CFR 668.22 regarding timely calculations and returns of Title IV funds after student withdrawal.
  • Recommended Follow-Up: Review processes for calculating and returning Title IV funds to ensure compliance and prevent future issues.

Finding Text

Criteria: 34 CFR 668.22 requires that when a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student?s withdrawal date in accordance with Federal regulations and return the unearned portion of the grant or loan funds to the Title IV programs as soon as possible but no later than 45 days after the withdrawal date. Condition: One student out of sixteen students tested had missing calculations. Four students out of sixteen students tested had not retuned the aid back to the U.S. Department of Education within the required 45 days. Questioned Costs: Not applicable

Corrective Action Plan

The University will make sure the student enrollment status change notifies the Academics and Financial Aid officials in correct so that the officials review all students who withdraw during a germ are identified in timely manner and the refund calculation is correctly made in timely. The University have updated and modified Financial Aid department manual to reflect the changes made to ensure the followings: 1. Regularly (every 2nd and 4th Tuesdays of the month) running the report including the student?s enrollment status, number of units in progress, Program enrolled, Overall GPA, Last Day of Attendance and Attendance Rate. 2. A Physical copy of the JobForm for each Financial Aid student whose status has changed on Populi, which includes the name and date of who made that change and approval will be provided to the Financial Aid department for any necessary corrections. This physical copy would be filed in the student file in Academics and Financial Aid. 3. Create an internal record indicating the changes made regarding the students? enrollment status 4. Designate personnel monitoring and reporting any changes made to students? enrollment status. Person Responsible for Corrective Action Plan: Sheng Wang, Chief Financial Officer Anticipated Date of Completion: June 30, 2023

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 33441 2022-001
    Material Weakness
  • 33443 2022-007
    Significant Deficiency
  • 33444 2022-002
    Material Weakness
  • 33445 2022-001
    Material Weakness
  • 33446 2022-002
    Material Weakness
  • 33447 2022-005
    Significant Deficiency
  • 33448 2022-006
    Significant Deficiency
  • 33449 2022-007
    Significant Deficiency
  • 33450 2022-001
    Material Weakness
  • 33451 2022-002
    Material Weakness
  • 33889 2022-005
    Significant Deficiency
  • 33890 2022-007
    Significant Deficiency
  • 33891 2022-001
    Material Weakness
  • 33892 2022-002
    Material Weakness
  • 33893 2022-003
    Significant Deficiency
  • 33894 2022-004
    Significant Deficiency
  • 33895 2022-001
    Material Weakness
  • 33896 2022-002
    Material Weakness
  • 33897 2022-003
    Significant Deficiency
  • 33898 2022-004
    Significant Deficiency
  • 33899 2022-001
    Material Weakness
  • 33900 2022-002
    Material Weakness
  • 33901 2022-003
    Significant Deficiency
  • 33902 2022-004
    Significant Deficiency
  • 609883 2022-001
    Material Weakness
  • 609884 2022-005
    Significant Deficiency
  • 609885 2022-007
    Significant Deficiency
  • 609886 2022-002
    Material Weakness
  • 609887 2022-001
    Material Weakness
  • 609888 2022-002
    Material Weakness
  • 609889 2022-005
    Significant Deficiency
  • 609890 2022-006
    Significant Deficiency
  • 609891 2022-007
    Significant Deficiency
  • 609892 2022-001
    Material Weakness
  • 609893 2022-002
    Material Weakness
  • 610331 2022-005
    Significant Deficiency
  • 610332 2022-007
    Significant Deficiency
  • 610333 2022-001
    Material Weakness
  • 610334 2022-002
    Material Weakness
  • 610335 2022-003
    Significant Deficiency
  • 610336 2022-004
    Significant Deficiency
  • 610337 2022-001
    Material Weakness
  • 610338 2022-002
    Material Weakness
  • 610339 2022-003
    Significant Deficiency
  • 610340 2022-004
    Significant Deficiency
  • 610341 2022-001
    Material Weakness
  • 610342 2022-002
    Material Weakness
  • 610343 2022-003
    Significant Deficiency
  • 610344 2022-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $581,082
84.063 Federal Pell Grant Program $337,369
84.425 Education Stabilization Fund $44,105
84.007 Federal Supplemental Educational Opportunity Grants $4,450