Finding Text
Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 690.62 states the Pell grant for an academic year is based upon the payment and disbursement schedule published by the Secretary for each award year. The payment schedule takes into account the cost of attendance, the student’s expected family contribution (EFC) and the enrollment status of the student.
Condition: One of forty students tested was underawarded Pell grant funds.
Context: An erroneous computation of the student’s eligibility resulted in an underaward.
Questioned costs: Known - $401. Likely - $7,953
Cause: The Pell grant was computed utilizing an outdated Pell schedule that had not been updated before awarding was locked.
Effect: A student was underawarded Pell funds.
Repeat Finding: No
Recommendation: We recommend the College evaluate its procedures and policies around Pell grant awarding to ensure all Pell funds are awarded at proper amounts.
Views of responsible officials and management’s response: The College agrees with the finding.