Finding Text
2020-008 Special Tests – Return of Title IV Funds
FALN Number: 84.268 / 84.063
Program or Cluster Name: Federal Direct Student Loan Program / Federal Pell Grant Program (Student Financial Assistance Cluster)
Agency: U.S. Department of Education
Condition: For three of seventeen student withdrawals, we were unable to verify the date of the student withdrawals or examine the Return to Title IV funds calculation for accuracy or timeliness.
Status: Because of the closure of the College, individual student records including individual transaction records were not maintained either digitally or in paper format. We were unable to determine whether Return of Title IV fund calculations were required or performed accurately or timely and as such the correction of the finding could not be verified. See current year finding 2021-002.