Finding Text
Finding 2022-014 ? Material Weakness: Special Tests And Provision ? Return Of Title IV Funds ? Compliance and Control Finding ALN 84.063 ? Federal Pell Grant Program and 84.268 ? Federal Direct Student Loan Program ? Student Financial Aid Cluster Federal Agency: Department of Education Pass-Through Entity: None Criteria Or Specific Requirement: Per 34 CFR 668.22(f)(2)(i) and (ii)(B), the total number of calendar days in a period of enrollment includes all days within the period that the student was scheduled to complete, except that scheduled breaks of at least five consecutive days are excluded from the total number of calendar days in a period of enrollment and the number of calendar days completed in that period. Condition: The University did not exclude a scheduled break of at least five consecutive days in the Fall 2020 semester from the total number of calendar days in a period of enrollment and the number of calendar days completed in that period when calculation the amount of Title IV aid earned by students at the time of the withdrawal date. Cause: Controls over compliance put in place by management were not operating effectively as it relates to return of Title IV funds. Effect: The University?s controls did not prevent the errors noting during the return of Title IV funds. Questioned Costs: $914 of known questioned costs were identified in our testing sample. Likely questioned costs did not exceed $25,000. Context: Based on a sample of 18 students, the University did not exclude a scheduled break of five consecutive days for 8 students tested for the fall 2020 semester. The five consecutive days were not excluded from the period of enrollment and the number of calendar days completed in that period when calculating the amount of Title IV aid earned by the student for the semester. Identification As A Repeat Finding: 2021-021 and 2020-014 Recommendation: We recommend that management review its processes and controls surrounding this compliance requirement to ensure that the control is appropriate and operating effectively to support that the University is in compliance with the requirements of its federal program. Views Of Responsible Officials: The calendar for 2022 - 2023 academic year has been updated to ensure the correct number of days are used for return of Title IV calculations. The calendar for 2022 - 2023 academic year has been updated to ensure the correct number of days are used for return of Title IV calculations. The calendar for 2022 - 2023 academic year has been updated to ensure the correct number of days are used for return of Title IV calculations. ::