Finding Text
Federal Agency: U.S. Department of Education
Federal Program Title: Student Financial Aid
Assistance Listing Number: Student Financial Aid Cluster
Award Period: July 1, 2023 to June 30, 2024
Type of Finding:
Significant Deficiency in Internal Control Over Compliance
Other Matters
Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 668.22(f)(2)(i), states that scheduled breaks of at least five consecutive days are excluded from the total number of calendar days in a payment period or period of enrollment and the number of calendar days completed in that period.
Condition: During our testing, we noted the calculation done for 1 of the 14 individuals tested had used an incorrect percentage of days attended, causing the College to incorrectly calculate the return of Title IV funds.
Questioned Costs: $306
Context: During our testing, we noted the calculation done for 1 of the 14 individuals tested had used an incorrect percentage of days attended, causing the College to incorrectly calculate the return of Title IV funds.
Cause: The College used the incorrect withdrawal date, causing the student’s percentage of days attended to be miscalculated.
Effect: The College is not completing accurate R2T4 calculations as defined by the regulations.
Repeat Finding: Yes, see finding 2023-007.
Auditor’s Recommendation: We recommend the College review the R2T4 requirements and implement procedures to ensure the R2T4 calculations are using the correct number of break days and are completed timely and accurately.
Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.