Finding Text
Finding 2022-001 Packaging and Disbursing Pell Grant Noncompliance Criteria: A school must determine and calculate a student?s eligibility for a Federal Pell Grant during a payment period. To calculate the Federal Pell Grant award the school must use the payment and disbursement schedules published by the Secretary for each award year as per 34 CFR 690.62. Statement of Condition: The Federal Pell Grant amount disbursed does not match the Pell Chart based on the student?s Expected Family Contribution from the valid ISIR. Cause: The institution inadvertently used the wrong Pell Amount. Effect: In one (1) of forty-nine (49) original student files selected with a Federal Pell Grant disbursement, the Institution made a disbursement of Federal Pell Grant funds that was not calculated based upon the valid ISIR/Expected Family Contribution nor under the Federal Pell Grant Payment Schedule. Description of nature and extent of the issues reported: The sample student?s Federal Pell Grant fund was calculated, awarded, and disbursed inaccurately. Questioned cost: See Chart Recommendation: The Institution should set up procedures to prevent future incidences and ensure compliance with 34 CFR 690.62. Views of Responsible Officials: Los Angeles Chapter National Tooling & Machining Association Training Center Trust dba NTMA Training Centers acknowledges this finding and will apply the recommendation.