EIN: 231416559
UEI: GSA_MIGRATION
Data as of August 23, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 5, 2020. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by November 5, 2020 (2118 days ago).
What is a management decision? →We tested thirty-seven files and one student did not receive the full amount of his allowed Pell grant. The student was eligible for $1,684, but received $0. We consider this finding to be an instance of non-compliance. Cause: The condition was caused by an oversight in the financial aid department. Effect: The result is a student did not receive $1,684 of eligible Pell monies. Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution credit $1,684 to the appropriate student's account. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
Show full finding ▾Hide full finding ▴FINDING 2019-004: UNDER AWARDED PELL GRANT FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL PELL GRANT PROGRAM CFDA#: 84.063 FEDERAL AWARD YEAR: 2018-2019 Compliance Requirement: Eligibility (E.) Criteria: The amount of a student?s Federal Pell Grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year (34 CFR 690.62). Condition: We tested thirty-seven files and one student did not receive the full amount of his allowed Pell grant. The student was eligible for $1,684, but received $0. We consider this finding to be an instance of non-compliance. Cause: The condition was caused by an oversight in the financial aid department. Effect: The result is a student did not receive $1,684 of eligible Pell monies. Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution credit $1,684 to the appropriate student's account. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
Finding # 2019-004-A1: Underawarded Pell Grant A. Faith Theological Seminary Comments: Faith Theological Seminary acknowledges the receipt of this finding. The student?s Expected Family Contribution or EFC was high. The student ultimately did not qualify to receive Pell Grant during the audit period. No further action was required. B. The Corrective Action Plan: FSA Director has researched the student?s eligibility history during the audit period with Third Party Servicer, Weber and Associates Inc. Faith Theological Seminary will continue to monitor each student?s eligibility for Title IV funding and award students according to the Institution?s Financial Aid Policies and Procedures in accordance with the Department of Education?s Title IV regulation guidelines.
We tested ten drop students in our sample and noted two incorrect refunds. We consider this finding to be a significant deficiency. Cause: The condition was caused by oversights in the financial aid department. Effect: The result is the Institution returned incorrect amounts. Statistical sampling was not used when making sample selections. Recommendation: As $242 was previously over refunded to the Department of Education, we recommend the Institution refund $265 to the Department of Education. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
Show full finding ▾Hide full finding ▴FINDING 2019-005: INCORRECT REFUNDS FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM CFDA#: 84.268 FEDERAL AWARD YEAR: 2018-2019 Compliance Requirement: Special Tests and Provisions (N.) - Return of Title IV Funds Criteria: The Department of Education requires that all refunds be made within 45 days of a student?s withdrawal (34 CFR 668.22, 685.306). Condition: We tested ten drop students in our sample and noted two incorrect refunds. We consider this finding to be a significant deficiency. Cause: The condition was caused by oversights in the financial aid department. Effect: The result is the Institution returned incorrect amounts. Statistical sampling was not used when making sample selections. Recommendation: As $242 was previously over refunded to the Department of Education, we recommend the Institution refund $265 to the Department of Education. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
Finding # 2019-005-B1 Incorrect Refund A. Faith Theological Seminary Comments: It is determined that the Return of Title IV Funds (R2T4) was completed for the student during the audit period by The Business Office. At the time of the R2T4 completion, the date recorded for calculation was based on the withdrawn date on the withdrawal form rather than the last date of attendance. B. The Corrective Action Plan: According to Faith Theological Seminary Policies and Procedures for R2T4 completions, we have updated our policy to reflect that the last date of attendance is the withdraw date to use for the return of funds calculations. Faith Theological Seminary acknowledges receipt of a post withdrawal disbursements in the amount of $258.00 for the student. Further investigation is needed to determine if the amount in question is owed back to the Department of Education. After investigating the $258.00 cost in question, Faith Theological Seminary will return any amount owed in accordance to the Department of Education return of funds policies and procedures within 30 days of this corrective action plan.
We tested thirty-seven files and enrollment status reporting was incorrect for thirteen students. We consider this finding to be a material weakness. Cause: The condition was caused by a lack of controls over enrollment reporting. Effect: The result is the Department of Education was not made aware of the changes in student statuses in a timely manner. Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution correct the enrollment statuses in the National Student Loan Data System (NSLDS) and update its procedures. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
Show full finding ▾Hide full finding ▴FINDING 2019-006: INACCURATE ENROLLMENT STATUS REPORTING FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM & FEDERAL DIRECT LOAN PROGRAM CFDA#: 84.007, 84.063 & 84.268 FEDERAL AWARD YEAR: 2018-2019 Compliance Requirement: Reporting (L.) Criteria: Institutions are required to provide enrollment update responses to the Enrollment Reporting Roster File within fifteen days of receipt (34 CFR 685.309). Condition: We tested thirty-seven files and enrollment status reporting was incorrect for thirteen students. We consider this finding to be a material weakness. Cause: The condition was caused by a lack of controls over enrollment reporting. Effect: The result is the Department of Education was not made aware of the changes in student statuses in a timely manner. Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution correct the enrollment statuses in the National Student Loan Data System (NSLDS) and update its procedures. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
Finding # 2019-006-A1 through B9: Inaccurate Enrollment Status Reporting A. Faith Theological Seminary Comments: Faith Theological Seminary acknowledges receipt of the Enrollment status reporting in the audit findings. The enrollment reporting was not consistently monitored and updated due to the change of positions of the Financial Aid Director during the Audit Period. B. The Corrective Action Plan: Faith Theological Seminary hired a new Financial Aid Director during the Audit Period. The new Financial Aid Director works closely with Third Party Servicer, Weber and Associates Inc., to ensure the quality control and accuracy of enrollment reporting through the SURE Reporting Data Retrieval System. During the Audit period, NSLDS Enrollment Reporting Certified data had an average accuracy of 91%. According to NSLDS Enrollment Reporting Certified data, Faith Theological Seminary enrollment status reporting is at 98.89% accuracy as of March 16, 2020. Faith Theological Seminary?s action plan is to continue to monitor and update enrollment status reporting to reach 100% accuracy. Students listed in the Audit Findings Enrollment Status Report will be reviewed and corrected as needed to ensure accuracy of data and enrollment reporting.
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