Finding Text
Federal Agency: U.S. Department of Education
Federal Program Name: Student Financial Assistance Cluster
Assistance Listing Number: 84.063
Award Period: July 1, 2022 – June 30, 2023
Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters
Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 690.62 states the Pell
grant for an academic year is based upon the payment and disbursement schedule published by the
Secretary for each award year. The payment schedule takes into account the cost of attendance, the
student’s estimated family contribution (EFC) and the enrollment status of the student.
Condition: 1 of 40 students tested was under awarded and disbursed Pell grant funds.
Questioned costs: $450.
Context: An incorrect EFC was used to calculate the Pell award.
Cause: The student made changes to their Free Application for Federal Student Aid (FASFA) and the
University did not use the most updated version of the student’s FASFA.
Effect: A student was under awarded and disbursed Pell funds.
Repeat Finding: No.
Recommendation: We recommend that the University establish a process to review changes and
updates to a student’s FASFA prior to disbursing funds to ensure the most up to date and accurate
information is being used for Pell awards.
Views of responsible officials: There is no disagreement with the audit finding.