Finding Text
2023-006
Federal Agency: Department of Education
Federal Program Title: Student Financial Assistance Cluster
Assistance Listing Number: 84.038, 84.268, 84.033, 84.007, 84.063, 84.268, 93.264
Award Period: July 1, 2022 to June 30, 2023
Type of Finding: Significant Deficiency in Internal Control over Compliance, and Other matter
Criteria or Specific Requirement: Per the Code of Federal Regulations, 34 CFR 673.5, students may not be awarded need based aid in excess of their calculated need.
Condition: During our testing, we noted for 3 out of 40 students tested an over award over the total cost of attendance totaling $20,993.
Questioned Costs: $20,993
Context: During our testing, it was noted that some other aid amounts were not factored into the calculation of need based aid, resulting in the total aid being over the cost of attendance.
Cause: Management incorrectly calculated federal awards without factoring in all other aid.
Effect: The University is not in compliance with Department of Education Requirements.
Repeat Finding: No
Recommendation: We recommend the University review its policies to ensure they follow Department of Education regulations.
Views of Responsible Officials: There is no disagreement with the audit finding.