FSA-2019-6084

Our audit identified 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: (1) 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. Also, some funds were either not returned or were returned late; (2) The University did not accurately report enrollment status changes to the National Student Loan Data System (NSLDS) for students who received federal financial assistance; (3) The University did not obtain updated financial aid history through the NSLDS for transfer students before disbursing Title IV aid; and (4) The University requested and received federal student financial aid funds that exceeded the immediate need of students, and held a balance of these excess funds in violation of federal requirements.
Details about each item are provided in the Findings, Recommendations, and Responses section of the transmittal.

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NC County

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