Condition: During our testing of thirty-seven student files, we noted one individual (2.7%) was not properly awarded Pell grants
Corrective Action Plan: During the month of October 2024, a financial aid consultant met with Cottey staff to discuss and plan better procedures related to awarding and reviewing federal awards. Throughout the 2024-25 school year, we have implemented quarterly internal audits where students are randomly selected and processed through an internal review of their federal awards. Through this new process, we are reviewing Federal Pell, FSEOG and Federal Work Study eligibility, disbursement dates, and documentation for each student. By completing this process quarterly, we will be able to do an additional review of each student in detail while the school year is still in session and corrections can be made.
Responsible Person for Correction Action Plan: Hannah Masters (Executive Director of Financial Aid and Student Accounts)
Implementation Date for Corrective Action Plan: 01/30/2025