Finding Text
2023–004 Return to Title IV (R2T4)
Federal Agency: Department of Education
Federal Program Title: Student Financial Aid Cluster
CFDA Number: 84.063 – Federal Pell Grant Program
Award Period: July 1, 2022 through June 30, 2023
Type of Finding: Significant Deficiency in Internal Control over Compliance (Other Matters)
Criteria or specific requirement: According to 34 CFR 668.22(e)(1) The amount of title IV grant or loan assistance that is earned by the student is calculated by— (i) Determining the percentage of title IV grant or loan assistance that has been earned by the student, as described in paragraph (e)(2) of this section; and (ii) Applying this percentage to the total amount of title IV grant or loan assistance that was disbursed (and that could have been disbursed, as defined in paragraph (l)(1) of this section) to the student, or on the student's behalf, for the payment period or period of enrollment as of the student's withdrawal date.
Condition: During our testing we noted one instance where the University used the incorrect withdrawal date in the R2T4 calculation.
Questioned costs: Known questioned costs totaling $27, likely questioned costs totaling $91.
Context: In our sample of 13 students, we identified 1 student where the wrong withdrawal date was used, resulting in a $27 error in the R2T4 calculation.
Cause: The University’s policies and procedures did not ensure that the correct withdrawal date was used in the calculation.
Effect: An incorrect amount was returned to the Department of Education.
Repeat Finding: No.
Recommendation: We recommend that the University review its policies and procedures to ensure R2T4 calculations are performed accurately.
Views of responsible officials: See Corrective Action Plan prepared by the University.