Finding Text
Special Tests – Using a Servicer or Financial Institution to Deliver Title IV Credit Balances to a Card or Other Access Device
Federal Agency: Department of Education
Federal Program Title: Student Financial Assistance Cluster
ASSISTANCE LISTING Numbers:
84.268 – Federal Direct Student Loans
84.063 – Federal Pell Grant Program
Federal Award Identification Number and Year: P063P220362, 2023 AND P268K230362, 2023
Award Period: June 1, 2022 to June 30, 2023
Type of Finding: Significant Deficiency in Internal Control Over Compliance, Other Matter
Criteria or specific requirement: An institution must provide to Department of Education an up-todate URL for the contract for publication in a centralized database accessible to the public. Unless the school has a Tier Two arrangement under the threshold, the URL must also include the contract data described in the paragraph above (34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v)). Additionally, Institutions are required to ensure adequate internal controls over compliance are established and maintained in accordance with 2 CFR 200.303.
Condition: During our testing the University could not provide support that an up-to-date contract establishing their tier two arrangement was provided to the Department of Education.
Questioned costs: N/A
Context: The University did not meet the compliance requirement to report the contract and contract components to the Department of Education.
Cause: The University was not aware of the requirement and previously personal did not retain applicable support, if completed.
Effect: The Department of Education was not provided required information regarding the contract.
Repeat finding: No
Recommendation: We recommend that the University enhance its policies and procedures to ensure required contracts and contract components are provided to the Department of education when required.
View of responsible official: The University agrees with the finding.