Finding 578734 (2023-002)

Finding 2023-002 Pell Under Awarded Department of Education Student Financial Aid Cluster - grant period July 1, 2022 through June 30, 2023 Questioned costs: None How the question costs were computed: N/A Condition: The examination disclosed 10 instances, out of the 10 Pell eligible student files tested, in which the Pell was under awarded. Criteria: Funding for Pell must be based on the appropriate award year's Pell charts provided by the institution. Effect: Pell eligible students were under awarded Pell funding for the 2022-2023 award year. Cause: An oversight was made by the institution. Recommendation: The institution should ensure they are using the appropriate award year when awarding their Pell eligible students. The institution should adjust the 2022-2023 Pell funding for the students above to accurately reflect the funds they were eligible to receive in the award year, as stated in each student. Materiality: Findings encountered with reporting requirements in excess of 10% of the total items tested would be considered a material instance of noncompliance. This finding is considered a material noncompliance with an error rate of 100%. View of Responsible We agree with the finding and are committed to a corrective action. Officials: