Finding 965017 (2023-004)

Significant Deficiency Repeat Finding
Requirement
N
Questioned Costs
$1
Year
2023
Accepted
2024-03-29

AI Summary

  • Core Issue: The University miscalculated the total days in the payment period, affecting Title IV aid calculations.
  • Impacted Requirements: This finding violates 34 CFR 668.22(f), which outlines how to count calendar days for payment periods.
  • Recommended Follow-Up: Implement accurate day counting procedures and continue training to ensure compliance with federal guidelines.

Finding Text

2023-004 Significant Deficiency: Return to Title IV Funds (U.S. Department of Education, William D. Ford Direct Loan Program, ALN #84.268; Federal Pell Grant Program, ALN #84.063; Federal Supplemental Opportunity Grant Program, ALN #84.007; and TEACH Grant Program, ALN #84.379) (Repeat Finding 2022-003) Criteria: In accordance with 34 CFR 668.22(f), in the calculation of the percentage of payment period and/or period of enrollment completed, the total number of calendar days in a payment and/or enrollment period includes all days within the period, except that institutionally scheduled breaks of at least 5 consecutive calendar days and days in which the student was on an approved leave of absence are excluded from the total number of calendar days in a payment period and/or period of enrollment. Statement of Condition: During the audit, it was noted that the University used the incorrect number of total days in the payment period or period of enrollment in calculating the percentage of payment period and/or period of enrollment completed. Questioned Costs: The known monetary error is $9 under-awarded. Extrapolation of the error was not necessary because all withdrawals were tested during the audit. Therefore, the monetary impact of this deficiency does not exceed the reporting threshold of $25,000. Perspective Information: The audit included a detailed testing of 6 student files, of which this significant deficiency applies to 5, indicating an error rate of 83.30%. Cause and Effect: For noted withdrawal calculations, the total day count was not performed per the instructions described in the handbook. This results in a miscalculation of percentage of Title IV aid earned and could result in monetary error. Recommendation: The University should ensure that the total number of calendar days in the payment period or period of enrollment is counted correctly utilizing the guidance provided by the Compliance Supplement and the Student Financial Aid Handbook. View of Responsible Officials: The University improved the process for completing return to Title IV calculations by adding in additional training and workshops offered through the Department of Education. The financial aid office created a calendar showing days of attendance from the first day of school to the last using the school’s master calendar as a reference. This will be used also as a double check of days when calculating returns. The dates used in the return calculations were off a day due to misreading the ending date of semester.

Categories

Questioned Costs Student Financial Aid Reporting Significant Deficiency Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 388569 2023-002
    Material Weakness
  • 388570 2023-003
    Significant Deficiency Repeat
  • 388571 2023-004
    Significant Deficiency Repeat
  • 388572 2023-005
    Significant Deficiency
  • 388573 2023-006
    Significant Deficiency
  • 388574 2023-003
    Significant Deficiency Repeat
  • 388575 2023-004
    Significant Deficiency Repeat
  • 388576 2023-005
    Significant Deficiency
  • 388577 2023-006
    Significant Deficiency
  • 388578 2023-004
    Significant Deficiency Repeat
  • 388579 2023-005
    Significant Deficiency
  • 388580 2023-006
    Significant Deficiency
  • 388581 2023-004
    Significant Deficiency Repeat
  • 388582 2023-005
    Significant Deficiency
  • 388583 2023-006
    Significant Deficiency
  • 965011 2023-002
    Material Weakness
  • 965012 2023-003
    Significant Deficiency Repeat
  • 965013 2023-004
    Significant Deficiency Repeat
  • 965014 2023-005
    Significant Deficiency
  • 965015 2023-006
    Significant Deficiency
  • 965016 2023-003
    Significant Deficiency Repeat
  • 965018 2023-005
    Significant Deficiency
  • 965019 2023-006
    Significant Deficiency
  • 965020 2023-004
    Significant Deficiency Repeat
  • 965021 2023-005
    Significant Deficiency
  • 965022 2023-006
    Significant Deficiency
  • 965023 2023-004
    Significant Deficiency Repeat
  • 965024 2023-005
    Significant Deficiency
  • 965025 2023-006
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $657,414
84.063 Federal Pell Grant Program $335,495
84.007 Federal Supplemental Educational Opportunity Grants $16,200
84.033 Federal Work-Study Program $9,945
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $3,772