The results of our audit disclosed deficiencies in internal control and/or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards or OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. These items included the following: (1) The University failed to reconcile internal Direct Loan accounting information to the federal government for three of the seven reconciliations selected and (2) The University failed to send required written notification to students, or parents, receiving Federal Direct Loan funds. Details are provided in the Audit Findings and Responses section of the report.