Finding Text
Finding Type. Immaterial Noncompliance / Significant Deficiency in Internal Control over Compliance
(Eligibility). Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers
84.007, 84.033, 84.063, and 84.268; Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers
84.007, 84.033, 84.063, and 84.268; Award Numbers P007A222054, P033A222054, P063P221646, and
P268K231646. Criteria. Recipients of Title IV grants/loans who have withdrawn from an institution earn a certain percentage
of aid based on their percentage of the semester completed. Condition. Instead of earning additional aid due to the Return of Title IV calculation error, one of the twenty
one students who were affected saw a reduction due to a transposition/rounding error that was missed in the
original calculation. Cause. The College does not have a formal review process where a second individual looks over the Return of
Title IV calculation to ensure errors are caught before the returns are processed.Effect. As a result of this condition, input errors for the Return of Title IV calculations can make it through the
process without being discovered. It is our understanding that on July 26, 2023, the College corrected the
transposition/rounding error that impacted the students Return of Title IV calculation. Recommendation. Management has already taken appropriate corrective action by updating the returns for
the student impacted by the input error. However, we recommend that the College implement a review process
to ensure that the R2T4 calculation is being reviewed by a second individual. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.