Finding Text
Criteria: In accordance with CFR section 676.20(a)(1), "An institution may award an FSEOG for an academic year in an amount it determines a student needs to continue his or her studies. However, except as provided in paragraph (c) of this section, an FSEOG may not be awarded for a full academic year that is less than $100."
Condition: We reviewed a sample of 4 students who received FSEOG during the fiscal year. Of the 4 students tested, three students were awarded amounts less than the $100 minimum award.
Effect: The College fell out of compliance with the FSEOG regulations by disbursing amounts below the minimum award limit.
Cause: Management did not identify the correct limits outlined by the award.
Recommendation: We recommend that each award amount be reviewed as within the limits outlined in the compliance documents.