Finding Text
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs: Information on the federal program: Federal Direct Student Loans, CFDA No. 84.268, June 30, 2022; Federal Pell Grants Program, CFDA No. 84. 063, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84. 007, June 30, 2022; Federal Work-Study Program, CFDA No. 84.033, June 30, 2022. Criteria - Federal regulations governing Title IV programs. Condition - non-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. ? We noted in our testing that one (1) out of twenty-five (25) students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. Cause - Oversight by responsible employees. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Repeat Finding - No Auditor's Recommendation - The College should implement corrective actions to ensure the above finding is resolved and will not recur in future periods.