Finding Text
Finding 2024-002 – U.S. Department of Education (USDE), Title IV Student Financial
Aid Programs:
Information on the federal program: Federal Direct Student Loans, FAL No. 84.268, June 30,
2024; Federal Pell Grants Program, FAL No. 84.063, June 30, 2024; Federal Supplemental
Educational Opportunity Grant, FAL No. 84.007, June 30, 2024; Federal Work-Study Program,
FAL No. 84.033, June 30, 2024
Criteria – Federal regulations governing Title IV programs.
Condition – Noncompliances were noted, as more fully described in the context below.
Questioned Costs – As provided below.
Context – We observed the following conditions in connection with our testing of the various U.S.
Department of Education, Title IV, Student Financial Assistance Programs.
a) The College had a difference in the Federal Work-Study program which was not reconciled
to the general ledger.
b) One (1) out of sixty (60) students tested for verification was missing their parent’s tax return.
The College subsequently submitted the tax return. Total questioned cost was $3,698.
Cause – Oversight by responsible employees.
Effect – The College’s participation in the Title IV programs could be subject to USDE sanctions
as applicable.
Repeat Finding – No.
Auditor’s Recommendation – The College should implement corrective actions to ensure that
the above findings are resolved and will not recur in future periods.