[Unlabeled] [Unlabeled] [Unlabeled] [Unlabeled]

Finding 12-02, continued:

Recommendation:

We recommend that the University review its current procedures in regards to reporting to lenders or guarantor agencies the students who 'unofficially withdrew' in the spring semester in order to ensure these students are being reported in a timely manner.

Current Status:

This finding was resolved in the current year.

Federal Program: U.S. Department of Education Federal Perkins Loan Program, CFDA 84.038

Condition:

During the audit, we noted that one student did not sign their promissory note in a timely manner.

Recommendation:

We recommend that the University review its current procedures related to the disbursement of federal funds and make the necessary changes to ensure that each student file has the appropriate documentation, such as a signed promissory note, before funds are disbursed.

This finding was resolved in the current year.

Federal Program: U.S. Department of Education Student Financial Aid - Cluster Federal Supplemental Educational Opportunity Grants Program, CFDA 84.007 Federal Work-Study Program, CFDA 84.033 Federal Perkins Loan Program, CFDA 84.038 Federal Pell Grant Program, CFDA 84.063 Federal Direct Student Loans Program, CFDA 84.268 National Science and Mathematics Access to Retain Talent Grant, CFDA 84.376 Teacher Education Assistance for College and Higher Education Grant, CFDA 84.3 Scholarship for Disadvantaged Students, CFDA 93.925

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