Finding 945871 (2023-005)

- Repeat Finding
Requirement
E
Questioned Costs
$1
Year
2023
Accepted
2024-02-15
Audit: 290607
Organization: Newberry College (SC)
Auditor: Capincrouse LLP

AI Summary

  • Issue: Some students received incorrect Pell Grant amounts due to enrollment level miscalculations.
  • Requirements Impacted: This violates 34 CFR 690.63(b), leading to questioned costs of $2,272.
  • Follow-Up: The College should review and adjust summer Pell Grant disbursements to align with actual enrollment levels.

Finding Text

Incorrect Pell Calculations DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Pell Grants Federal Award Identification #: 2022-2023 Financial Aid Year Condition: Students were not always awarded the proper Pell Grant based on their enrollment level. Criteria: 34 CFR 690.63(b) Questioned Costs: $2,272 Context: Out of 34 students tested for proper Pell Grant based on enrollment level, there were 2 students who were under-awarded for Pell Grant for the Summer 2023 term. During the audit, the College disbursed an additional $2,586 in Pell Grants to correct this error. Additionally, there was 1 student who was over-awarded Pell by $2,272. This was returned to the Department during the audit. Cause: Oversight by management. Effect: Pell was not awarded correctly based on enrollment. Identification as repeat finding, if applicable: 2022-003. Recommendation: We recommend that the College review summer Pell Grant disbursements to ensure they reflect the student’s summer enrollment. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

Questioned Costs Student Financial Aid Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $24.29M
84.268 Federal Direct Student Loans $10.09M
84.063 Federal Pell Grant Program $3.46M
84.425 Covid-19 Education Stabilization Fund Heerf - Strengthening Institutions Program $377,730
84.007 Federal Supplemental Educational Opportunity Grants $169,094
84.033 Federal Work-Study Program $103,200
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $7,544