Finding Text
Criteria: To have students be eligible for Title IV funds, a student must make satisfactory academic progress, and the School must have a reasonable policy for monitoring that progress. Condition and Context: The College disbursed funds to one student out of 40 students tested who did not comply with the satisfactory eligibility progress policy set forth by the College. Known Questioned Costs: $6,573 Cause: The College did not monitor the student's GPA prior to federal aid disbursement. Effect: The College was out of compliance with the requirement that federal aid of Title IV funds be disbursed to students making satisfactory academic progress. Recommendation: The College should implement a tracking or review system to ensure all monies are disbursed to students who are meeting satisfactory academic policies set forth by the College.