Finding 504768 (2024-003)

- Repeat Finding
Requirement
E
Questioned Costs
$1
Year
2024
Accepted
2024-11-05
Audit: 327385
Organization: Wayland Baptist University (TX)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: Two students received incorrect Pell Grant amounts due to enrollment status errors.
  • Impacted Requirements: Non-compliance with 34 CFR 690.63(b) regarding proper Pell calculations.
  • Recommended Follow-Up: Implement a process to ensure Pell payments align with actual enrollment status.

Finding Text

Incorrect Pell Calculations DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Award Identification #: 2023-2024 Award Year Condition: Two students out of 60 were not properly awarded Pell based on enrollment status. Criteria: 34 CFR 690.63(b) Questioned Costs: $925 Context: One student was inadvertently awarded and paid Pell for one more class than they attended as they started in 11 hours instead of 12 resulting in an overaward of $925. This was corrected during the audit. One student was half time in summer and was not picked up to be paid Pell for the summer term, resulting in an underaward of $1,849. This student was corrected during the audit. Cause: These were oversights in the cleanup reports run. Effect: There was an incorrect amount of Pell paid to these two students. Identification as repeat finding, if applicable: Yes, 2023-005 and 2022-005. Recommendation: We recommend a process be used to adjust Pell to be paid in alignment with enrollment status. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

Incorrect Pell Calculations Recommendation: We recommend a process be used to adjust Pell to be paid in alignment with enrollment status. Planned Corrective Action: The Executive Director of Financial Aid and the Assistant Director of Compliance & Reporting will continue to provide in-house training to all financial aid staff to ensure proper understanding of Pell calculations. Each Summer session, the Office of Financial Aid will request weekly Summer enrollment reports to audit students for Summer Pell Grant eligibility. Person Responsible for Corrective Action Plan: Robert Hamilton, Executive Director of Financial Aid and Brooke Tyler, Assistant Director of Compliance & Reporting Anticipated Date of Completion: May 31, 2025

Categories

Questioned Costs Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $14.23M
84.063 Federal Pell Grant Program $5.29M
84.031 Higher Education Institutional Aid $452,720
84.007 Federal Supplemental Educational Opportunity Grants $198,741
47.076 Stem Education (formerly Education and Human Resources) $161,172
84.116 Fund for the Improvement of Postsecondary Education $155,557
84.033 Federal Work-Study Program $146,162
84.038 Federal Perkins Loan Program $84,079
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $73,439
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $2,829