Finding 47247 (2022-001)

-
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-03-27
Audit: 42317
Organization: Northern Kentucky University (KY)
Auditor: Forvis LLP

AI Summary

  • Core Issue: Two students' Title IV funds were not returned to the Department of Education on time after withdrawal.
  • Impacted Requirements: Compliance with the Return of Title IV Funding regulations (34 CFR 668.22) was not met.
  • Recommended Follow-Up: Provide additional training for staff handling Title IV refunds to improve response times for fund returns.

Finding Text

U.S Department of Education ? Student Financial Assistance Cluster CFDA No. 84.007, Federal Supplemental Educational Opportunity Grant Program CFDA No. 84.033, Federal Work Study Program CFDA No. 84.038, Federal Perkins Loan Program CFDA No. 84.379, Teacher Educational Assistance for College and Higher Education Grants CFDA No. 93.264, Nursing Faculty Loan Program CFDA No. 84.268, Federal Direct Student Loan Program CFDA No. 84.063, Federal Pell Grant Program Program Year 2021-2022 Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funding (34 CFR 668.22) Condition ?Upon a student?s withdrawal from the program, the University is required to determine whether student financial aid should be refunded to the Department of Education. Questioned Costs ? There were no questioned costs as a result of this finding. Context ? From a sample of 40 return of Title IV funds tested (population of 406 students with return of title IV funds), two students had funds that were not timely returned. Our sampling method was not, and was not intended to be, statistically valid. Effect ? Amounts of Title IV funds to be returned to the Department of Education were not returned timely. Cause ? Delayed notification of student withdrawal dates to the parties responsible for the completion of the Return to Title IV calculation hindered the timely return of funds. Identification as a repeat finding ? No. Recommendation ? We recommend further training of individuals responsible for Title IV refunds to decrease the lag time between official withdrawal notification and the return of funds.

Categories

Student Financial Aid Special Tests & Provisions Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $89.05M
84.063 Federal Pell Grant Program $13.14M
84.425 Covid-19 Higher Education Emergency Relief Fund - Student $11.89M
84.425 Covid-19 Higher Education Emergency Relief Fund - Institutional $11.23M
84.038 Federal Perkins Loan Program $723,745
84.007 Federal Supplemental Educational Opportunity Grants $656,563
94.006 Americorps Prog 2022 $582,901
84.027 Kentucky Traineeship in Special Education 2022 $453,466
93.264 Nurse Faculty Loan Program (nflp) $385,577
84.033 Federal Work-Study Program $360,094
84.042 Trio_student Support Services $347,950
47.049 Mri: Sprectometer $335,114
84.047 Trio_upward Bound $315,914
11.307 Eda Sprint $298,162
93.732 Hrsa Opioid Family $293,269
93.732 Hsra Owep Paraprofes $292,909
16.838 Iir-Oud Partnerships $283,753
93.912 Hrsa Implementation $215,925
84.027 Kentucky Traineeship in Special Education 2021 $215,853
84.335 Ccampis Program $206,581
94.006 Arpa 3 - Americorps $200,512
94.006 Americorps Prog 2021 $182,884
47.076 S3oar 2019-2023 $179,472
93.778 1115 Substance Use $169,748
11.020 16 Nky-Hii $169,296
21.027 Covid Mitigation $139,426
94.006 Arpa 2 - Americorps $107,294
93.113 Nih Area Curran $106,695
93.279 Nih Area Yates $104,799
93.558 Ktap 2022 $104,543
93.778 Quality Strategy $104,512
93.859 Nih Area Strome $85,022
93.912 Cc Implementation $79,043
16.525 Norse Violence Prevention Project $74,637
47.076 Stem Ready - Math $72,417
93.859 Nih Area Guy $61,870
84.425 Covid-19 Cpe Geer $54,677
10.351 Rural Business Enterprise $47,809
93.273 Nih Area Brumback $46,444
93.859 Kbrin Guy Bridge $45,731
93.859 Kbrin Shelton Idea 3 $42,054
43.001 NASA Helix $38,428
93.859 Kbrin William Idea#3 $37,789
93.859 Kbrin Strome Post Do $36,433
43.001 NASA Iss-Cream $34,513
94.006 Arpa 1 - Americorps $33,000
93.279 Minority Stress $29,688
93.124 Hrsa Nat Program $28,987
84.U00 Americorps National Service Trust $26,352
93.859 Kyinbre Curan Bridge $25,970
93.279 Jcoin Rapid Response $25,630
93.859 Kbrin Bardget Bridge $23,956
43.001 Helix Bridge $22,186
84.323 Teaching Modules $22,067
93.859 Kbrin Curran Postdoc $22,058
93.859 Kyinbre William Idea $20,719
94.013 Vista 2021 $19,972
12.903 Gencyber $19,012
93.859 Kyinbre Yates Bridge $17,741
59.037 Federal Sbcd 20-21 $17,675
93.859 Kyinbre Shifley Idea $16,759
93.859 Kbrin Ma Cure $16,211
93.859 Kbrin Yates Postdoc3 $15,763
93.859 Kyinbre Shelton Idea $11,907
47.049 Rui: Ketones $11,154
47.076 Teen Sc Resource Gui $9,358
93.859 Kyinbre Strome Postd $8,315
93.859 Kbrin Lead $7,878
84.334 Cpe Gear Up Ky $7,650
93.658 Pcwcp 2022 $7,041
94.006 Fixed Ky Advising Ac $6,626
93.859 Kyinbre Guy Post Doc $6,556
93.279 Healing Communities $5,762
84.425 Summer Elevating Education $5,080
10.680 Biological Control $5,055
47.075 Reu: Parker Academy $5,030
43.008 Origama Robot Development $4,915
47.075 Georgia Bight $3,975
93.279 Nih Yates-Supplement $3,748
93.859 Kbrin Brumpostdoidea $3,694
15.805 Aerobic Scope in Ky $3,041
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $2,808
93.859 Kyinbre Brumbac Ptdo $2,031
94.013 Vista 2020 $1,840
93.859 Kyinbre Ma Cure $1,707
84.425 New Teacher Support $1,569
47.049 Stellar Companions $1,375