Finding 583881 (2023-003)

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Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-01-04

AI Summary

  • Issue: The Institution sent a notification about grant overpayment to a student 1 day late.
  • Requirement: Notifications must be sent within 30 days of determining a student's withdrawal and overpayment.
  • Follow-up: Review and improve processes to ensure timely notifications for all students in similar situations.

Finding Text

Special Tests and Provision: Return of Title IV Funds: Untimely Sending of Written Notification to Student for Grant Overpayment We noted that the Institution had sent written notification of grant overpayment to 1 out of 8 students selected for Return of Title IV Funds testing beyond the 30-day timeframe from the date of the Institution’s determination that the student withdrew and owed overpayments as a result of the student’s withdrawal. The required notification was sent to the student 1-day late.

Categories

Student Financial Aid Reporting Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $1.39M
84.063 Federal Pell Grant Program $642,047
84.268 Federal Direct Student Loans $462,959