Finding Text
2024-006 Special Tests and Provisions – Return of Title IV Funds
Federal Assistance Listing Number: 84.007, 84.033, 84.063 and 84.268
Name of Program or Cluster: Student Financial Aid Cluster
Agency: U.S. Department of Education
Criteria: The College is required to accurately calculate return of Title IV funds for withdrawn students who began attendance, allocate the return of Title IV funds as required, notify borrowers of returned loans and/or follow the requirements for post-withdrawal disbursements as applicable.
Condition: SCC did not calculate a return of Title IV funds and/or follow the requirements for post-withdrawal disbursements for one out of the nine students sampled from a total population of withdrawn students who began attendance.
Cause: Management oversight.
Effect: Noncompliance with OMB federal grant compliance requirements.
Questioned Costs: None.
Repeat Finding: No.
Recommendation: The College should properly follow its policies and procedures over return of Title IV funds to ensure that all R2T4 calculations are completed accurately and all requirements for post-withdrawal disbursements are followed where applicable.
Views of Responsible Officials: See corrective action plan attached.