Finding Text
Need Analysis and Transfer Credits Significant Deficiency
DEPARTMENT OF EDUCATION
ALN #: 84.268
Federal Award Identification #: 2023-2024 Award Year
Condition: Students were not initially appropriately awarded subsidized aid based on need and credits earned.
Criteria: 34 CFR 685.203
Questioned Costs: $0
Context: 6 students out of 60 were under awarded subsidized loans based on the number of credits earned due to an inadvertent exclusion of transfer credits not being part of the earned credit calculation. These students have not yet been adjusted.
Cause: The University uses a third party to assist with awarding federal aid, and the reports pulling earned credits did not include transfer credits that were applied to the student.
Effect: Students were awarded less subsidized federal aid than they were eligible for.
Identification as repeat finding, if applicable: Not applicable.
Recommendation: We recommend the University update the report that pulls all credits as all earned credits and not just those credits earned at the University.
Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.