Finding Text
Finding 2024-001 - U.S. Department of Education (USDE), Title IV Student Financial Aid
Program:
Information on the federal program - Federal Direct Student Loans, CFDA No. 84.268, June
30, 2024; Federal Pell Grant Program, CFDA No. 84.063, June 30, 2024; Federal Supplemental
Educational Opportunity Grant, CFDA No. 84.007, June 30, 2024; Federal Work-Study Program,
CFDA No. 84.033, June 30, 2024.
Criteria - Federal regulations governing the Title IV programs.
Condition - Instances of noncompliance were noted, as more fully described in the context below.
Questioned Costs - $0
Context - We observed the following condition in connection with our testing of the various U.S.
Department of Education, Title IV, Student Financial Assistance Programs:
• Per 34 CFR 668.34, one (1) student out of 15 tested for satisfactory academic progress
requirements (SAP) received Title IV, HEA program funds in the amount of $6,342 and was
not meeting the requirements specified by the University. The University subsequently
returned the funds.
Cause - Oversight by responsible employees of properly monitoring required elements.
Effect - The University's participation in the Title IV programs could be subject to USDE sanctions
as applicable.
Repeat Finding – No.
Auditor's Recommendation – The University should implement corrective actions to ensure that
the above findings are resolved and do not recur in future periods.