Student Financial Assistance Cluster – Assistance Listing No. Various
Recommendation: We recommend the College evaluate the transfer students’ status each semester.
Explanation of disagreement with audit finding: There is no disagreement with the audit finding.
Action taken in response to finding:
The student affected by this deficiency gave erroneous information about attendance at another college in the same year as their intent to begin at Dunwoody. The processor failed to follow protocol to check for a transcript in NSLDS. The student had only used some of their loan eligibility at the previous institution in the fall semester, so we returned $5,250 in direct loan funds for this student. The student correctly retained the remaining $4,250 for the spring semester at Dunwoody. The total over award was not $9,500 but $5,250. Going forward, the financial aid counselors will be vigilant to search out every student in NSLDS before issuing the student any additional funding. There is now a check and balance in place that will catch anything the financial aid counselor might miss.
Name of the contact person responsible for corrective action: Margaret Price, Director of Financial Aid
Planned completion date for corrective action plan: This process is in place for the 2024-2025 academic year.