Finding Text
Criteria or Specific Requirement
Special tests and provisions – Title IV Refunds
Condition
The University did not return the correct amount of funds for withdrawn students.
Context
Out of a sample of 11 students selected for testing compliance with Title IV Refunds, for two students, the University did not return the correct amount of funds.
Effect
The University did not return the correct amount of federal funds.
Cause
The University counted a day prior to the start of classes which did not include academic engagement in its calculation of the number of days in the semester in the return of funds calculation.
Recommendation
A second individual should check the academic calendar used for Title IV return of funds.