Finding Text
FINDING 2022-003 ? Exit Interview Federal Agency: U.S. Department of Education; Office of Federal Student Aid Pass through Entity: Not applicable Program Name: Federal Direct Student Loan Program AL# and Program Expenditures: 84.268 ($451,732) Award Number: P268K227533 Federal Award Year: July 1, 2021 to June 30, 2022 Questioned Costs: $-0- Condition Found: Two of the sixteen federal student financial aid recipients in our sample did not complete an exit interview or were not sent exit interview instructions. Criteria: An exit interview should be completed or mailed to a student to complete within thirty days from when a student withdraws, graduates from school, or is enrolled less than half-time for Federal Direct Loans. Cause: The Financial Aid Director did not send exit interviews or exit interview instructions to students who withdrew from the College during the semester. Possible Asserted Effect: The students were unaware of the loan repayment responsibilities at the time the students withdrew from the College. Repeat Finding: See Finding 2021-005 for a similar finding in the prior year. Statistical Sampling: The sample was not intended to be, and was not, a statistically valid sample. Recommendation: Exit interview instructions should be sent to the students in question. Procedures should be improved to ensure that an exit interview is completed when a student withdraws from the College. We also recommend reviewing the student listing to determine if any other student should have completed an exit interview for the 2021-2022 award year. Management Response: An exit interview was sent to both of the students in question on August 9, 2022. Procedures will be improved to ensure that an exit interview is completed when a student withdraws from the College.