Finding Text
Finding 2022-010 ? Special Tests and Provisions: Withdrawal Testing (Material Weakness and Noncompliance) ? Repeat Finding Information on the federal program: U.S. Department of Education Student Financial Aid Cluster Criteria: 34 CFR part 668 establishes rules governing the student withdrawal process including the determination of the amount of unearned financial aid, calculation of earned Title IV assistance and return of unearned Title IV aid within 45 days. Condition: We selected a sample of 10 students who withdrew and were receiving financial aid. Of the 10 students tested, there were seven students with exceptions related to the return of Title IV process. Cause: The College did not return the correct amount of aid earned and/or did not return the aid within 45 days, as required. Effect: The College returned the incorrect amount of financial aid and/or did not return financial aid timely. Questioned Costs: None reported Recommendation: We recommend the College strengthen its policies and procedures surrounding the withdrawal process, especially the return of Title IV process, to accurately to ensure compliance with withdrawal requirements. Views of Responsible Officials: See Management?s View and Corrective Action Plan included at the end of the report.