Finding Text
Need Analysis and Transfer Credits DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.033, 84.007 (Student Financial Assistance cluster) Federal Award Identification #: 2021-22 Financial Aid Year Condition: Students were not initially appropriately awarded subsidized and unsubsidized aid based on need and status. Criteria: 34 CFR 685.203 Questioned Costs: $-0- Context: 4 students out of 60 were under awarded subsidized and unsubsidized loans. Cause: The transfer of credit hour information from the University to the third-party processor incorrectly excluded transfer credits. Effect: Students were awarded less subsidized and unsubsidized loans than they were eligible for. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the University ensure all transfer credits are part of the total earned credits sent to the third party processor for awarding. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.