Finding 553967 (2024-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-04-03
Audit: 352623
Organization: Boston Architectural College (MA)
Auditor: Bonadio & CO LLP

AI Summary

  • Core Issue: Three out of 19 students received incorrect PELL awards due to a system error that locked accounts.
  • Impacted Requirements: Federal regulations mandate accurate PELL disbursements based on students' EFC and enrollment status.
  • Recommended Follow-Up: Provide staff training on handling registration changes and enhance monitoring controls for timely disbursement adjustments.

Finding Text

U.S. Department of Education Assistance Listing Number 84.063 Pell Disbursement Process Condition - During the audit, it was identified that 3 out of 19 sampled students were not disbursed the correct PELL award. The sample was not statistically valid. Criteria - According to federal regulations, institutions are required to calculate and disburse PELL Grant award to eligible students based on their Expected Family Contribution (EFC) and enrollment status (i.e., number of credit hours registered). Cause - A system error resulted in the locking of student accounts, which prevented the automated update of disbursements when students' registration status changed. Effect - The College did not properly disburse PELL awards, resulting in either an under or over award to the affected students. Recommendation - We recommend that the College provide training for staff on identifying and resolving registration changes impacting PELL disbursements and enhance monitoring controls to ensure timely and accurate adjustments to students’ disbursements in compliance with federal requirements. Views of Responsible Officials - The College is dedicated to awarding and disbursing all federal awards timely and accurately. A system error resulted in the locking of Pell grant awards which prevented the automated updates of award amounts when students’ registered credits changed. The College has implemented training to all Financial Aid team who award students to not lock any federal aid awards with the system. When reviewing and disbursing there will also be a specific check for locked awards to prevent this going forward.

Corrective Action Plan

Description of Finding During the 2024 audit, it was identified that 3 out of 19 sampled students were not disbursed the correct Pell award. Corrective Action Plan The College is dedicated to awarding and disbursing all federal awards timely and accurately. A system error resulted in the locking of Pell grant awards which prevented the automated updates of award amounts when students’ registered credits changed. The College has implemented training to all Financial Aid team who award students to not lock any federal aid awards with the system. When reviewing and disbursing there will also be a specific check for locked awards to prevent this going forward. Timeline for Implementation of Corrective Action Plan The College has implemented the corrective action plan on October 31, 2024. Contact Person James Ryan, Ph.D. Vice President of Enrollment Management

Categories

Student Financial Aid Subrecipient Monitoring

Other Findings in this Audit

  • 1130409 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $6.25M
84.063 Federal Pell Grant Program $423,397
19.501 Public Diplomacy Programs for Afghanistan and Pakistan $187,534
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $65,708
84.007 Federal Supplemental Educational Opportunity Grants $41,920
84.033 Federal Work-Study Program $24,816