Finding 64483 (2022-006)

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Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-03-27
Audit: 73872
Organization: Eastern University (PA)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: Students incorrectly received a V1 waiver for V4 verification, leading to ineligible federal aid.
  • Impacted Requirements: Compliance with 34 CFR 668.56 regarding verification documentation.
  • Recommended Follow-Up: Ensure signed statements of educational purpose and necessary documents are collected before disbursing federal aid.

Finding Text

Verification DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, 84.379 Federal Award Identification #: 2021-22 Financial Aid Year Condition: Students selected for V4 verification inappropriately had the full V1 waiver applied. Criteria: 34 CFR 668.56 Questioned Costs: $10,374 Context: Out of 6 tested for the V4 or V5 flag of verification, 2 students did not have a statement of educational purpose on file. These students were corrected during the audit process. Cause: The waiver for verification only applied to the V1 portion of the flag but was inadvertently applied to the whole V4 flag. Effect: These students were not eligible for federal aid. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the University obtain the signed statement of educational purpose, ID, and required transcripts for the V4 flag prior to disbursing federal aid. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $26.62M
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $3.08M
84.063 Federal Pell Grant Program $2.65M
84.031 Higher Education_institutional Aid $641,089
84.425 Covid-19 Education Stabilization Fund Heerf - Minority Serving Institutions $505,572
84.038 Federal Perkins Loan Program $456,264
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $309,892
84.007 Federal Supplemental Educational Opportunity Grants $195,900
84.033 Federal Work-Study Program $183,545
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $23,732