Finding Text
Federal Agency: U.S. Department of Education
Federal Program Name: Student Financial Assistance Cluster
Assistance Listing Number: 84.063; 84.268; 84.007
Federal Award Identification Number and Year: P063P222067, P268K32067, P007A223499; 2022- 2023
Award Period: July 1, 2022 – June 30, 2023
Type of Finding:
Other Matters
Significant Deficiency in Internal Control over Compliance
Criteria or specific requirement: 34 CFR 668.164(e)(2)(viii) requires institutions must provide an upto-date URL for their contract with a third-party servicer who assist in providing credit balances to students. This publication is published in a centralized database accessible to the public managed by the U.S. Department of Education. Additionally, Institutions must establish and maintain effective internal control over the Federal award that provides reasonable assurance that the Institution is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award (2 CFR 200.303).
Condition: During our testing the University could not provide support that an up-to-date third party servicer contract and the related contract data was provided to the U.S. Department of Education. Additionally, the University was not included within the database retained by the U.S. Department of Education.
Questioned costs: None
Context: The University did not meet the compliance requirement to report the contract and contract components to the U.S. Department of Education.
Cause: The University was not aware of the requirement and previous personnel did not retain applicable support, if completed.
Effect: The U.S. Department of Education was not provided required information regarding the contract.
Repeat Finding: No
Recommendation: We recommend that the University enhance its policies and procedures to ensure required contracts and contract components are provided to the U.S. Department of Education.
Views of responsible officials: The University agrees with the finding. Management has developed a plan to correct the finding.