Finding Text
Finding: 2022-002 - Eligibility - Significant Deficiency in the Internal Control Over Compliance: SEE SCHEDULE OF FINDINGS AND QUESTION COSTS FOR CHART/TABLE - Criteria: 2021-2022 Federal Student Aid Handbook, volume 3, chapter7: Depending on individual circumstance, students may receive only need-based aid, non-need-based aid, or a combination of need-based and non-need-based aid. The total amount of need-based aid cannot exceed the student's financial need and the total amount of all aid cannot exceed the student's cost of attendance. - Condition/context: A sample of 48 federal aid recipient students were selected from system generated reports of 790 students who were disbursed federal student aid during the 2021-2022 academic year. The student's records were inspected. - Effect: An exception was noted whereby one student was awarded aid in excess of their cost of attendance which resulted in an over award of $5,550 of federal direct subsidized loans. - Cause: The student was over awarded due to a weakness in the University's manual packaging process. The standard packaging process is done automatically. When the packaging is performed automatically there are triggers in the process that prevent over awarding. In the case of this student, it was done manually, and those checks and balances were never activated, because of this there was not flag to stop the awarding. - Repeat finding: This is not a repeat finding. - Recommendation: We recommend the University amend procedures so in teh event that packaging is done manually, there are added reviews over the student's aid awarded. - View of responsible officials and planned corrective actions: We accept Moss Adams' recommendation and if a situation arises where we must manually package a student, the procedure will include an additional review by another individual, either the Director or a Counselor, to review the package for accuracy.