Finding 505453 (2024-001)

Student Financial Assistance Cluster Assistance Listing Number 84.063 Federal Pell Grant Program U.S. Department of Education Program Year 2023-2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Title IV Funding, 34 CFR Section 668.22 Condition – One student’s Return of Title IV (R2T4) aid was not calculated correctly. Questioned Costs – N/A Context – Out of the population of 58 students who received federal student financial assistance but withdrew or dropped out during the year, a sample of six students was selected for testing. One R2T4 calculation was not completed correctly, which resulted in an overpayment to the respective program. Our sample was not, and was not intended to be, statistically valid. Effect – One refund was incorrect, and funds were over-remitted to the Department of Education. Cause – The Title IV grant protection was not appropriately applied to the portion of grant funds to be returned by the student. Indication as a Repeat Finding – N/A Recommendation – The Center should review its procedures for ensuring R2T4 calculations are completed accurately and in compliance with Department of Education guidelines. Views of Responsible Officials and Planned Corrective Actions – Management agrees with the finding and has implemented procedures to ensure R2T4 calculations are correct and the return of Title IV funds is accurate. To ensure precise R2T4 calculations for all students receiving federal Pell Grant disbursements, each student’s file will include an independent manual calculation, which will be compared to the PeopleSoft system’s automated calculation. Written policies and procedures have been updated with changes implemented as of August 31, 2024.