Finding 614165 (2022-004)

Significant Deficiency
Requirement
N
Questioned Costs
$1
Year
2022
Accepted
2023-03-24
Audit: 30445
Organization: Rider University (NJ)

AI Summary

  • Core Issue: The University failed to include scheduled breaks in the Return of Title IV (R2T4) calculations for Spring 2022, leading to inaccurate Federal Student Aid calculations.
  • Impacted Requirements: Compliance with federal regulations (34 CFR 668.22(f)(2)(i)) regarding the calculation of aid based on completed enrollment periods.
  • Recommended Follow-Up: Implement a review process to ensure scheduled breaks are accurately factored into R2T4 calculations and align with federal requirements.

Finding Text

Return of Title IV (R2T4) Calculations Scheduled Breaks Federal Agency: U.S. Department of Education Federal Program Name: Federal Pell Grant Program, Federal Direct Student Loans, Federal Work-Study Program, Federal Supplemental Educational Opportunity Grants Assistance Listing Number: 84.063, 84.268, 84.033, 84.007 Award Period: 7/1/2021 ? 6/30/2022 Type of Finding: Significant Deficiency in Internal Control Over Compliance, Other Matters Criteria or specific requirement: Once a student?s withdrawal date is determined, a school needs to calculate the percentage of the payment period of enrollment completed. Institutionally scheduled breaks of five or more consecutive days are excluded from the R2T4 calculation as periods of nonattendance and, therefore, do not affect the calculation of the amount of Federal Student Aid earned (34 CFR 668.22(f)(2)(i)). Condition: During our testing, it was noted that the University's process did not ensure scheduled breaks were properly factored in the R2T4 calculations for Spring 2022 term. Questioned costs: $733 known questioned costs. Context: During our tested of 27 students, we noted 1 student's R2T4 calculation where the University did not correctly factor in scheduled breaks to the R2T4 calculations for the Spring 2022 term. Cause: The University does not have a review process in place for the calculations to ensure scheduled breaks are properly factored into the R2T4 calculations. Effect: The University did not complete an accurate calculation as defined by Federal regulations. Repeat finding: No. Recommendation: We recommend the University review the R2T4 requirements and implement procedures to ensure scheduled breaks are properly factored into calculations. Views of responsible officials: Management agrees with the finding and has developed a plan to correct the finding.

Categories

Questioned Costs Student Financial Aid Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties Significant Deficiency

Other Findings in this Audit

  • 37722 2022-005
    Significant Deficiency
  • 37723 2022-004
    Significant Deficiency
  • 37724 2022-002
    Significant Deficiency Repeat
  • 37725 2022-005
    Significant Deficiency
  • 37726 2022-002
    Significant Deficiency Repeat
  • 37727 2022-004
    Significant Deficiency
  • 37728 2022-005
    Significant Deficiency
  • 37729 2022-004
    Significant Deficiency
  • 37730 2022-001
    Significant Deficiency Repeat
  • 37731 2022-004
    Significant Deficiency
  • 37732 2022-005
    Significant Deficiency
  • 37733 2022-003
    Significant Deficiency
  • 614164 2022-005
    Significant Deficiency
  • 614166 2022-002
    Significant Deficiency Repeat
  • 614167 2022-005
    Significant Deficiency
  • 614168 2022-002
    Significant Deficiency Repeat
  • 614169 2022-004
    Significant Deficiency
  • 614170 2022-005
    Significant Deficiency
  • 614171 2022-004
    Significant Deficiency
  • 614172 2022-001
    Significant Deficiency Repeat
  • 614173 2022-004
    Significant Deficiency
  • 614174 2022-005
    Significant Deficiency
  • 614175 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $28.51M
84.063 Federal Pell Grant Program $5.66M
84.038 Federal Perkins Loan Program $3.26M
84.033 Federal Work-Study Program $675,110
84.007 Federal Supplemental Educational Opportunity Grants $514,966
84.042 Trio_student Support Services $292,700
84.217 Trio_mcnair Post-Baccalaureate Achievement $201,265
84.425 Education Stabilization Fund $176,710
47.070 Computer and Information Science and Engineering $43,110
81.049 Office of Science Financial Assistance Program $28,376
47.076 Education and Human Resources $14,516
66.605 Performance Partnership Grants $10,644
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $7,073
45.024 Promotion of the Arts_grants to Organizations and Individuals $5,878
47.050 Geosciences $5,283
94.005 Americorps Education Awards $1,343