Finding Text
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid Assistance Listing Number: Student Financial Aid Cluster Award Period: July 1, 2021 to June 30, 2022 Type of Finding: ? Significant Deficiency in Internal Control Over Compliance ? Other Matters Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 668.22(f)(2)(i), states that scheduled breaks of at least five consecutive days are excluded from the total number of calendar days in a payment period or period of enrollment and the number of calendar days completed in that period. Condition: During our testing, we noted 1 of the 10 individuals tested had used an incorrect percentage of days attended causing the College to incorrectly calculated the return of Title IV funds. Questioned Costs: $3,911 Context: During our testing, we noted the College had used the incorrect withdrawal date based on the student's reported date which caused a negative impact on the calculation on percent of aid earned and the amount of Title IV aid refunded. Cause: The College's used the incorrect withdrawal date thus students % of days attended was miscalculated. Effect: The College is not completing accurate R2T4 calculations as defined by the regulations. Repeat Finding: No Auditor?s Recommendation: We recommend the College review the R2T4 requirements and implement procedures to ensure the R2T4 calculations are using the correct number of break days and are accurately completed. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.