Finding 960620 (2022-003)

Significant Deficiency
Requirement
E
Questioned Costs
-
Year
2022
Accepted
2024-03-25
Audit: 297283
Organization: College Unbound (RI)

AI Summary

  • Core Issue: The College did not retain proof of high school diplomas for 4 out of 40 students, affecting their eligibility for federal aid.
  • Impacted Requirements: Compliance with eligibility criteria under 34 CFR 668.32, specifically the need for documented proof of a high school diploma or equivalent.
  • Recommended Follow-Up: Implement stronger internal controls to verify student eligibility for federal aid before any disbursement.

Finding Text

Finding number: 2022-003 Federal agency: U.S. Department of Education Programs: Student Financial Assistance Cluster Assistance Listing #: 84.063, 84.007, and 84.268 Award year: 2022 Compliance Requirement: Eligibility Criteria According to 34 CFR 668.32: A student is eligible to receive Title IV, HEA program assistance if the student either meets all of the requirements in paragraphs (a) through (m) of this section or meets the requirement in paragraph (n) of this section as follows: (e) (1) Has a high school diploma or its recognized equivalent Condition The Federal Government requires that evidence of a high school diploma, its recognized equivalent, or an alternative educational requirement be provided by the student prior to their first disbursement. During our testing, we noted the College failed to retain a high school diploma or recognized equivalent for 4 students, out of a sample of 40. As a result, the College was unable to provide the necessary documentation to support the students’ eligibility. Our sample was not, and was not intended to be, statistically valid. Cause The College failed to have the proper internal controls in place to validate that students are eligible to receive Title IV prior to their first disbursement. Effect The students were awarded and disbursed federal student aid that they may not be eligible to receive. Questioned Costs Not applicable Identification as a Repeat Finding, if applicable Not applicable Recommendation The College should implement internal control procedures to ensure all students are eligible to receive federal student aid before their first disbursement. View of Responsible Officials The College agrees with the finding.

Categories

Student Financial Aid Eligibility Internal Control / Segregation of Duties

Other Findings in this Audit

  • 384177 2022-002
    Significant Deficiency Repeat
  • 384178 2022-003
    Significant Deficiency
  • 384179 2022-003
    Significant Deficiency
  • 384180 2022-003
    Significant Deficiency
  • 384181 2022-004
    Significant Deficiency Repeat
  • 384182 2022-004
    Significant Deficiency Repeat
  • 384183 2022-005
    Significant Deficiency
  • 384184 2022-006
    Significant Deficiency Repeat
  • 384185 2022-007
    Material Weakness Repeat
  • 384186 2022-007
    Material Weakness Repeat
  • 384187 2022-008
    Significant Deficiency Repeat
  • 384188 2022-009
    Material Weakness
  • 384189 2022-009
    Material Weakness
  • 960619 2022-002
    Significant Deficiency Repeat
  • 960621 2022-003
    Significant Deficiency
  • 960622 2022-003
    Significant Deficiency
  • 960623 2022-004
    Significant Deficiency Repeat
  • 960624 2022-004
    Significant Deficiency Repeat
  • 960625 2022-005
    Significant Deficiency
  • 960626 2022-006
    Significant Deficiency Repeat
  • 960627 2022-007
    Material Weakness Repeat
  • 960628 2022-007
    Material Weakness Repeat
  • 960629 2022-008
    Significant Deficiency Repeat
  • 960630 2022-009
    Material Weakness
  • 960631 2022-009
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.20M
84.063 Federal Pell Grant Program $709,051
84.425 Education Stabilization Fund $57,779
84.007 Federal Supplemental Educational Opportunity Grants $17,907