The results of our audit disclosed deficiencies in internal control and/or instances of noncompliance that are considered reportable under Government Auditing Standards and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. These items included the following: the University incorrectly calculated how much money to return to the Title IV program after students supported by the program withdrew from school; the University does not have a system in place to ensure that the amounts of Federal Direct Loans to students reported to the Department of Education agrees to actual loan disbursements in the accounting records. Details about each item are provided in the Findings, Recommendations, and Responses section of the report.