FSA-2016-6086

The results of our audit identified deficiencies in internal control and/or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). These items included the following: (1) The University disbursed federal assistance to students who did not meet eligibility requirements; (2) The University incorrectly calculated how much money to return to the Title IV program (financial aid) after students supported by the program withdrew from school; (3) The University did not always notify loan recipients of their right to cancel the loan or provide the required exit counseling; (4) The University did not reconcile its Federal Direct Loan disbursement records with the Department of Education records timely. Additionally, some reconciliations contained differences that were not resolved. Details of these items are provided in the Findings, Recommendations, and Responses section of the report.