Federal Agency: US Department of Education

Federal Program Name: Federal Perkins Loan Program

Assistance Listing No.: 84.038

Recommendation: We recommend reviewing procedures and requirements regarding Perkins third-party service providers to ensure compliance with regulations. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: The university has implemented policies and procedures regarding reconciliations for Perkins loan services managed by a 3rd party supplier. Name(s) of the contact person(s) responsible for corrective action: Danyel Tolbert, Bursar Planned completion date for corrective action plan: Complete

Federal Agency: US Department of Education

Federal Program Name: Federal Perkins Loan Program

Assistance Listing No.: 84.038

Recommendation: We recommend reviewing procedures around Perkins Loan Program funds and implementing reconciliations and review to the third-party servicer reports.

Explanation of disagreement with audit finding: There is no disagreement with the audit finding.

Action taken in response to finding: The university has implemented policies and procedures regarding reconciliations for Perkins loan services managed by a 3rd party supplier.

Name(s) of the contact person(s) responsible for corrective action: Danyel Tolbert, Bursar

Planned completion date for corrective action plan: Complete

Recommendation: We recommend the University implement and maintain an effective system of internal controls over the administration of HEERF funds to ensure funds are reported accurately and timely, in accordance with grant requirements.

Explanation of disagreement with audit finding: There is no disagreement with the audit finding.