Section III – Findings and Questioned Costs – Major Federal Programs (Continued)
Context: During our testing of seven students who withdrew, one student was determined to be refunded $3,704 of Parent Plus, while the University determined an amount of $3,954.
Cause: The University did not have a control in place to calculate refunds accurately for students who withdrew from the University and needed a calculation of Title IV aid to be returned.
Effect: The University is not returning the proper amounts to the Department.
Repeat Finding: Yes, 2023-016
Recommendation: We recommend the calculation logic be reviewed and corrected to align with approved methodology.
Views of responsible officials: There is no disagreement with the audit finding.
Federal Agency: US Department of Education
Federal Program Name: Federal Pell Grant Program; Federal Direct Student Loans
Assistance Listing Number: 84.063; 84.268
Federal Award Identification Number and Year: P063P190147; P063P210147; P063P220147; P063P230147; P063Q210147; P063Q220147; P268K230147; P268K240147 - 2024
Award Period: July 1, 2023 – June 30, 2024
Type of Finding:
Criteria or specific requirement: Per U.S. Department of Education (ED) regulations, all schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a roster file.
The school is required to report enrollment status at both the school and program level. The school is required to report changes in the student's enrollment status, the effective date of the status and an anticipated completion date. An academic program is defined as the combination of the school's Office of Postsecondary Education Identification (OPEID) number and the program's Classification of Instructional Program (CIP) code, credential level, and published program length. ED requires the University to report changes in enrollment status and indicate the date that the changes occurred (34 CFR 685.309).