Finding 518852 (2024-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-01-10
Audit: 337234
Organization: William Jessup University (CA)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The University failed to accurately verify financial information for three students, leading to incorrect Pell grant awards.
  • Impacted Requirements: Compliance with 34 CFR 668.56 regarding verification processes for federal student aid.
  • Recommended Follow-Up: Conduct regular reviews of verification accuracy and ensure all corrections are updated in the student information system.

Finding Text

Verification Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063 Federal Award Identification #: 2023-2024 Award Year Condition: As required under 34 CFR 668.56, for students who are flagged for verification, the University is required to obtain underlying tax and other information to verify that amounts are properly reported on the ISIR and correct the ISIR if there are discrepancies. The University did not complete verification accurately for three students. Criteria: 34 CFR 668.56 Questioned Costs: $4,300 Context: Out of 9 tested for verification, 3 students had an incorrect number in household and number in family reported that caused a change in expected family contribution. Two of those students resulted in a total of $4,300 over awarded in the student’s Pell grants. One additional student was not recalculated as the federal system for updates was closed. Cause: The verification corrections did not process fully within Regent. There was not proper review of student’s files to ensure the correct information was updated on the ISIR used for packaging the student’s financial aid. Effect: Need based aid and specifically Pell grants are impacted directly by the results of verification Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the University periodically review verification completed for students with need-based aid for accuracy and ensure any corrections are properly reflected in the student information system. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

Student Financial Aid Significant Deficiency

Other Findings in this Audit

  • 518849 2024-001
    Material Weakness Repeat
  • 518850 2024-001
    Material Weakness Repeat
  • 518851 2024-002
    Significant Deficiency
  • 518853 2024-003
    -
  • 518854 2024-004
    - Repeat
  • 1095291 2024-001
    Material Weakness Repeat
  • 1095292 2024-001
    Material Weakness Repeat
  • 1095293 2024-002
    Significant Deficiency
  • 1095294 2024-002
    Significant Deficiency
  • 1095295 2024-003
    -
  • 1095296 2024-004
    - Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $7.59M
84.063 Federal Pell Grant Program $1.91M
20.111 Aircraft Pilots Workforce Development Grant Program $224,403
84.007 Federal Supplemental Educational Opportunity Grants $76,572
84.033 Federal Work-Study Program $72,876