Finding Text
Information on the federal program - Student Financial Assistance Cluster; Departments of Education; Program Year 2022-2023; ALN No. 84.268, Federal Direct Loans Program; ALN No. 84.063, Federal Pell Grant Program; ALN No. 84.007, Federal Supplemental Educational Opportunity Grants; ALN No. 84.379, Teacher Education Assistance for College and Higher Education Grants.
Criteria or specific requirement – Special Tests and Provisions - When a recipient of Title IV grant or loan assistance withdraws from a University during a payment period or period of enrollment in which the recipient began attendance, the University must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student or on his or her behalf as of the date of the University’s determination that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment. (34 CFR Sections 668.22(a)(1)-(3)).
Condition - The University did not return the proper amount of funds to the Department of Education.
Questioned costs - $1,413.
Context – Out of a population of 13 students who had return of funds performed during our examination period, the University failed to return the proper amount of funds to the Department of Education (ED) for all 13 students.
Effect - The University did not return the proper amount of funds to the ED and is not in full compliance with 34 CFR 668.22.
Cause - The University used an incorrect calendar and the number of days in the semester was incorrect.
Recommendation - We recommend the University verify number of days used in calculation for its break is accurate and matches what is published in its academic calendar. We also recommend that a second individual review the number being utilized to verify its accuracy.
Views of responsible officials and planned corrective actions – The academic calendar used for return of funds calculations will be reviewed by a separate individual in the Financial Aid Office. We will review each calculation as it is completed to verify that the number of days in the semester have been reported correctly for each student.