Finding Text
2022-001 Student Financial Aid Cluster - (a) Federal Supplemental Educational Opportunity Grant (b) Federal Work Study Grant (c) Federal Perkins Loan Program (d) Federal Pell Grant Program (e) Federal Direct Student Loans, Assistance Listing Number (a) 84.007 (b)84.033 (c) 84.038 (d) 84.063 (e) 84.268 - year ended June 30, 2022. Criteria: 34 CFR 668.22 (a) (1) states "When a recipient of title IV grant or loan assistance withdraws from an institution during a payment period or period or period of enrollment in which the recipient began attendance, the institution must determine the amount of title IV grant or loan assistance that the student earned as of the student's withdrawal date in accordance with paragraph (e) of this section". Condition: The University did not accurately calculate the return of title IV funds (R2T4) and return funds for 1 of 25 students (4%) who withdrew from the University. The University entered the incorrect dates for the term the student enrolled and attended, resulting in an incorrect calculation of unearned aid. We consider this finding to be an instance of noncompliance in relation to Special Tests and Provisions. Questioned Costs: $178 Effect: The University did not return the proper amount of unearned aid for the student. Recommendation: We recommend the University implement controls to verify the dates of attendance and resulting R2T4 calculation to ensure the accurate calculation and return of unearned aid. Views of Responsible Officials: Management agrees with this Single Audit Findings and response is included in the Corrective Action Plan. Refer to findings chart/table.