Finding Text
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Program: Information on the federal program - Federal Pell Grant Program, CFDA No. 84. 063, June 30, 2022; Federal Work-Study Program, CFDA No. 84. 003, June 30, 2022; Federal Supplemental Educational Opportunity, CFDA No. 84. 007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022 Criteria - Federal regulations governing the Title IV programs. Condition - Compliances were noted, as more fully described in the context below. Questioned Costs -As provided below. Context- We observed the following conditions in connection with our testing of the various U.S. Department of Education, Title IV, Student Financial Assistance Programs: 1. One (1) out of 10 students tested did not have timely or accurate enrollment reporting to the National Student Loan Data System (NSLDS). 2. One (1) out of 60 students tested was overpaid Pell funds. The over awarded funds were subsequently returned. 3. One (1) out of 60 students tested was not eligible for but was awarded Federal Supplemental Educational Opportunity Grant (FSEOG). The University subsequently returned the ineligible grant amount. 4. One (1) out of 60 students tested showed a discrepancy during verification testing where we observed tax documents submitted with an incorrect social security number. The questioned cost is $5,195. 5. Two (2) out of Five (5) students tested did not show the returned amount on the student's statement of account during R2T4 testing. Both statements of account were subsequently updated with the returned amounts. Cause - Oversight by responsible employees of properly monitoring required elements. Effect- The University's participation in the Title IV programs could be subject to USDE sanctions as applicable. Repeat Finding - Yes. Auditor's Recommendation - The University should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.