Finding Text
Federal Program: Federal Supplemental Educational Opportunity Grants (FSEOG) [AL #84.007], Federal Work-Study Program [AL #84.033], Federal Pell Grant Program [AL #84.063], and Federal Direct Student Loans [AL #84.268]. Criteria: For a school to participate in Campus-Based programs it is required to file an application by the deadline date of October 1, 2021 as established by the Federal Register Notice ?Campus-Based Deadline Dates Notice for the 2021-22 Award Year? Condition: Under Part II. Application to Participate for Award Year July 1, 2022 through June 30, 2023 Section E. Assessments and Expenditures, the undergraduate total tuition and fees for the award year July 1, 2020 to June 30, 2021 was overreported by $380,731. Graduate total tuition and fees for the award year July 1, 2020 to June 30, 2021 was underreported by $28,122. Cause: The application was completed and submitted by the Director of Financial Aid. However, there was no level of review to ensure the application was completed accurately and therefore clerical errors could occur. Effect: The Academy incorrectly reported total tuition and fees for the award year July 1, 2020 to June 30, 2021. Questioned Costs: None Context: This is not a systemic problem. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the Academy have one individual prepare the FISAP while someone else reviews it. This review should be formally documented. Views of Responsible Officials: The Academy is in agreement with the finding. The Academy?s Director of Financial Aid will prepare the FISAP and the VP of Administration and Finance will review and provide official sign off on the FISAP before submission.