Finding 947662 (2023-001)

- Repeat Finding
Requirement
E
Questioned Costs
$1
Year
2023
Accepted
2024-02-29

AI Summary

  • Issue: The University refunded $1,724 for over-awarded Pell Grants and awarded $1,725 for under-awarded students.
  • Trend: Transitioning to a single processing system (Campus Anyware) aims to reduce manual errors and improve data access across departments.
  • Follow-up: Monitor the implementation of Campus Anyware for the 2024/2025 award year to ensure accurate Pell grant calculations.

Finding Text

Subsequent to the audit, for those students who have been over awarded, the University refunded $1,724 to the 2022-2023 Federal Pell Grant program on behalf of student #24. In addition, for those students who had been under awarded, the University awarded and disbursed $863 in funds to student #4, and $862 in funds to student #21. The Universities will switch processing systems from two to one eliminating manual errors. Moving to the one system (Campus Anyware) will allow all departments (academics, business office, financial aid, and admissions) to have access to the same information in real time. Campus Anyware will also allow financial aid to auto package federal aid ensuing accurate calculation of Pell grant awards. This transition will be in effect for the 2024/2025 award year.

Categories

Questioned Costs Student Financial Aid

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $14.42M
84.063 Federal Pell Grant Program $5.10M
84.007 Federal Supplemental Educational Opportunity Grants $206,622
84.033 Federal Work-Study Program $82,118