FAC Explorer

Finding 5786 (2023-004)

-
Requirement
E
Questioned Costs
-
Year
2023
Accepted
2023-12-20
Audit: 7877
Organization: Simpson University (CO)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: Two students were under awarded Pell Grants due to outdated calculations based on new Pell tables.
  • Impacted Requirements: Compliance with 34 CFR 690.63 regarding accurate Pell Grant awards.
  • Recommended Follow-Up: Implement a process to ensure Pell Grants are adjusted promptly when new tables are released.

Finding Text

Incorrect Pell Calculations DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Award Identification #: 2022-2023 Award Year Condition: 2 students out of 28 were not properly awarded Pell based on the updated Pell tables. Criteria: 34 CFR 690.63 Questioned Costs: $0 Context: Two students were under awarded $600 of Pell Grant due to the client's system not updating Pell based in the updated Pell tables when they were released by the Department of Education. Cause: The system and Financial Aid staff did not update all Pell grants when new Pell tables were implemented. Effect: There was an incorrect amount of Pell Grant paid to these two students. Identification as repeat finding, if applicable: N/A Recommendation: We recommend a process be used to adjust Pell when updated Pell tables are released. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

Inaccurate Pell Calculations Planned Corrective Action: The University recognized that this was an isolated concern based on the late notification from the Department of Education on Pell Grant Awards for the 2022-23 award year. System updates and 20 hours of system training have been scheduled and/or implemented to prevent this from reoccurring. Person Responsible for Corrective Action Plan: Shondra Dickson, Director of Financial Aid Anticipated Date of Completion: April 2024

Categories

Student Financial Aid

Other Findings in this Audit

  • 5784 2023-002
    Significant Deficiency
  • 5785 2023-003
    Significant Deficiency
  • 582226 2023-002
    Significant Deficiency
  • 582227 2023-003
    Significant Deficiency
  • 582228 2023-004
    -

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $5.43M
84.063 Federal Pell Grant Program $1.71M
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $604,180
84.042 Trio_student Support Services $326,830
97.008 Non-Profit Security Program $285,174
84.047 Trio_upward Bound - Mount Shasta $167,326
84.047 Trio_upward Bound - Dunsmuir $164,269
84.047 Trio_upward Bound - Anderson $130,768
84.038 Federal Perkins Loan Program $124,716
84.047 Trio_upward Bound - West Valley $113,080
84.007 Federal Supplemental Educational Opportunity Grants $95,768
84.047 Trio_upward Bound - Shs $90,876
84.033 Federal Work-Study Program $89,558
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $57,827