Finding 964737 (2023-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-28
Audit: 300086
Organization: Georgetown College (KY)

AI Summary

  • Core Issue: Five TEACH Grant recipients were not informed of their right to cancel their grant.
  • Impacted Requirements: The College failed to comply with 36 CFR Section 686.31(e)(1)(i).
  • Recommended Follow-Up: Update student notifications to include information on the right to cancel the TEACH Grant.

Finding Text

Federal Program: U.S. Department of Education: TEACH Grant Criteria: The University must comply with 36 CFR Section 686.31(e)(1)(i). Condition: During our testing of eligibility, we noted five TEACH Grant recipients of five sampled were not notified of their right to cancel their TEACH Grant. Cause: The College did not have procedures in place to properly notify students of their right to cancel all or a portion of their TEACH grant. Effect: The provisions of 36 CFR Section 686.31(e)(1)(i) was not followed and thus five students were not notified on their right to cancel all or a portion of their TEACH Grant. Recommendation: We recommend the College update their notification to students to including wording about the students right to cancel their TEACH Grant. View of Responsible Officials:

Categories

Eligibility Special Tests & Provisions

Other Findings in this Audit

  • 388294 2023-001
    -
  • 388295 2023-002
    Significant Deficiency
  • 388296 2023-003
    Significant Deficiency
  • 388297 2023-003
    Significant Deficiency
  • 964736 2023-001
    -
  • 964738 2023-003
    Significant Deficiency
  • 964739 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $6.91M
84.063 Federal Pell Grant Program $2.07M
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $307,910
84.038 Federal Perkins Loan Program $303,861
84.425 Education Stabilization Fund $233,207
84.007 Federal Supplemental Educational Opportunity Grants $136,800
84.033 Federal Work-Study Program $123,505