Finding Text
2020-009 Special Tests – Disbursements to and on Behalf of Students
FALN Number: 84.268
Program or Cluster Name: Federal Direct Student Loan Program (Student Financial Assistance Cluster)
Agency: U.S. Department of Education
Condition: For one of forty Federal Direct Student Loan Program disbursements tested, one disbursement was made to a student thirty-five days prior to the first day of classes for the applicable payment period.
Status: Due to the closure of the College, individual student records including individual transaction records were not maintained either digitally or in paper format. We are unable to verify whether federal student financial assistance was disbursed to students within the required timeframe and as such the correction of the finding could not be verified. See current year finding 2021-002.