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.