Finding 387118 (2023-004)

-
Requirement
E
Questioned Costs
-
Year
2023
Accepted
2024-03-28
Audit: 299424
Organization: Eureka College (IL)
Auditor: Sikich LLP

AI Summary

  • Core Issue: One student was not awarded the correct amount of their Pell Grant, indicating a compliance issue with eligibility requirements.
  • Impacted Requirements: This finding relates to the eligibility criteria outlined in 34 CFR 690.62 for Pell Grant disbursements.
  • Recommended Follow-Up: The University should review and improve its policies and procedures to ensure accurate financial aid distribution for all students.

Finding Text

2023-004 – Student Financial Aid Cluster – (a) Federal Pell Grant (b) Federal Supplemental Educational Opportunity Grant (c) Federal Work Study Grant (d) Federal Perkins Loan Program (e) Federal Direct Student Loans (f) Teacher education Assistance for College and Higher Education ALN No. (a) 84.063 (b) 84.007 (c) 84.033 (d) 84.038 (e) 84.268 (f) 84.379 – Year Ended June 30, 2023 Criteria: 34 CFR 690.62 states, “The amount of a student’s Pell Grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year. Condition: We examined 40 student files and we noted one student was not properly awarded their Pell grant. We consider this condition to be an instance of noncompliance relating to the Eligibility compliance requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Cause and Effect: Without proper review of eligibility of financial aid, students may receive an incorrect amount of Title IV aid. Students should receive the proper amount of aid. Recommendation: We recommend the University evaluate policies and procedures to ensure students receive the proper amount of Title IV aid. Views of Responsible Officials: Management agrees with this Single Audit Finding and response is included in the Corrective Action Plan

Corrective Action Plan

2023-004 – Student Financial Aid Cluster – (a) Federal Pell Grant (b) Federal Supplemental Educational Opportunity Grant (c) Federal Work Study Grant (d) Federal Perkins Loan Program (e) Federal Direct Student Loans (f) Teacher education Assistance for College and Higher Education ALN No. (a) 84.063 (b) 84.007 (c) 84.033 (d) 84.038 (e) 84.268 (f) 84.379 – Year Ended June 30, 2023 Condition: We examined 40 student files and we noted one student was not properly awarded their Pell grant. We consider this condition to be an instance of noncompliance relating to the Eligibility compliance requirement. Management Response: This was a student transferring from a college that had closed (Lincoln College) the Financial Aid staff did not calculate new PELL eligibility with the Eureka College COA and awarded Pell from the wrong matrix on the Pell payment chart. Corrective Action Plan: All pell awards are now being offered based on correct COA and Pell Grant matrix with the Eureka costs. Responsible Person: Tim Marten, Director of Financial Aid Implementation Date: Spring 2024

Categories

Student Financial Aid Eligibility Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 387115 2023-001
    Significant Deficiency
  • 387116 2023-002
    Significant Deficiency
  • 387117 2023-003
    -
  • 963557 2023-001
    Significant Deficiency
  • 963558 2023-002
    Significant Deficiency
  • 963559 2023-003
    -
  • 963560 2023-004
    -

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $3.15M
84.063 Federal Pell Grant Program $1.34M
11.307 Economic Adjustment Assistance $160,769
84.038 Federal Perkins Loan Program $94,634
84.033 Federal Work-Study Program $60,000
84.007 Federal Supplemental Educational Opportunity Grants $57,084
45.301 Museums for America $17,820
84.425 Education Stabilization Fund $8,479
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $3,772