Finding Text
2022-007 Department of Education Student Financial Aid Cluster CFDA # 84.033 ? Federal Work Study Program CFDA # 84.007 ? Federal Supplemental Educational Opportunity Grants (FSEOG) CFDA # 84.063 ? Federal Pell Grant Program CFDA # 84.268 ? Federal Direct Student Loans 2021-2022 Award Year Special Tests and Provisions: Disbursements to or on Behalf of Students ? Lack of Documentation for Disbursement Notices. Significant Deficiency in Internal Controls over Compliance Criteria: 34 CFR 668.165 sets forth the criteria which requires Presentation College to send notification to the student or parent no earlier than 30 days before, and no later than 30 days after, crediting the student?s account with a Direct loan. Condition: During 2022, out of the total of 60 students tested, 9 students did not receive proper notification of the loan disbursement required under the CFR. Cause: For the disbursements that occurred on October 26, 2021, and November 8, 2021, notifications were not made to students receiving aid on those dates. Effect: Students and/or parents were not made aware of the disbursement being received and so did not receive the communication required under CFR. Questioned Costs: None. Context/Sampling: A nonstatistical sample of 60 students who received Title IV disbursements out of 485 students who received aid. Repeat Finding from Prior Year(s): No. Recommendation: We recommend additional tracking and monitoring of the disbursement dates to ensure that required communication is completed for all disbursements date. Views of Responsible Officials: Management agrees with the finding.