EIN: 310971599
UEI: D8L4VNN7RRN7
Audited by: CapinCrouse LLC
Oversight agency: 84 [Department of Education]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 30, 2026. 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 September 30, 2026 (25 days from today).
What is a management decision? →The University is required to pay out credit balances created by federal aid within 14 days of the balance being created. Additionally, they are not allowed to hold credit balances beyond the end of the payment period. Criteria: 34 CFR 668.164(h) Questioned Costs: $0 Context: Out of 40 students tested for holding credit balances, there were three students who had a credit balance created by federal direct loans and federal pell that were not paid out to the student within 14 days, and two that were not paid out before the end of the payment period. They were refunded to the students ranging from 6 to 163 days late. Cause: There was turnover in staffing, and the process in place to identify credit balances created by federal aid within the 14 day time frame and again at the end of the payment period was not consistently applied. Effect: Noncompliance with the Department of Education’s cash management regulations Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the University design and implement a process to identify credit balances created by federal aid and disburse them to students within 14 days of the balance being created and to pay out all credit balances at the end of the payment period. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Show full finding ▾Hide full finding ▴Credit Balances Held Beyond Payment Period Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268 Federal Direct Loans and 84.063 Federal Pell Grants Federal Award Identification #: 2024-2025 Financial Aid Year Condition: The University is required to pay out credit balances created by federal aid within 14 days of the balance being created. Additionally, they are not allowed to hold credit balances beyond the end of the payment period. Criteria: 34 CFR 668.164(h) Questioned Costs: $0 Context: Out of 40 students tested for holding credit balances, there were three students who had a credit balance created by federal direct loans and federal pell that were not paid out to the student within 14 days, and two that were not paid out before the end of the payment period. They were refunded to the students ranging from 6 to 163 days late. Cause: There was turnover in staffing, and the process in place to identify credit balances created by federal aid within the 14 day time frame and again at the end of the payment period was not consistently applied. Effect: Noncompliance with the Department of Education’s cash management regulations Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the University design and implement a process to identify credit balances created by federal aid and disburse them to students within 14 days of the balance being created and to pay out all credit balances at the end of the payment period. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Credit Balances Held Beyond Payment Period Planned Corrective Action: Ohio Christian University has implemented procedures to ensure that all Title IV credit balances are identified and released to students within 14 days of the credit balance occurring, in compliance with federal regulations. The Financial Aid Office will run weekly credit balance reports following each disbursement to identify any student accounts with a Title IV credit balance. These reports will be reviewed jointly by the Financial Aid and Student Accounts offices to confirm eligibility and authorize timely refunds. As an ongoing quality assurance measure, supervisory review will be conducted monthly to verify compliance with the 14-day requirement, and any exceptions will be documented and addressed immediately. Staff training has been enhanced to reinforce regulatory requirements and internal timelines related to credit balance processing. Person Responsible for Corrective Action Plan: Justin Pichey, Director of Financial Aid & Chelsie Hedrick, Senior Accountant Anticipated Date of Completion: This was implemented starting with the Spring 2026 semester.
One student was not appropriately awarded subsidized loans based on need. Criteria: 34 CFR 685.203 Questioned Costs: $3,487 Context: Out of 40 students tested, 1 student was not awarded aid appropriately based on need analysis. This student was awarded over the need calculation by $3,487 in subsidized loans. This student was not corrected during the audit process. Cause: There was turnover in staffing during the year. The review process in place to ensure loan amounts awarded matched student eligibility did not capture all items correctly. Effect: Incorrect amounts of subsidized loans were disbursed which affects the amount and timing of interest the student must repay. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University set up reports in the student information system to periodically check for over or under awarding of need based federal aid. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Show full finding ▾Hide full finding ▴Need Analysis Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268 Federal Direct Student Loans Federal Award Identification #: 2024-2025 Financial Aid Year Condition: One student was not appropriately awarded subsidized loans based on need. Criteria: 34 CFR 685.203 Questioned Costs: $3,487 Context: Out of 40 students tested, 1 student was not awarded aid appropriately based on need analysis. This student was awarded over the need calculation by $3,487 in subsidized loans. This student was not corrected during the audit process. Cause: There was turnover in staffing during the year. The review process in place to ensure loan amounts awarded matched student eligibility did not capture all items correctly. Effect: Incorrect amounts of subsidized loans were disbursed which affects the amount and timing of interest the student must repay. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University set up reports in the student information system to periodically check for over or under awarding of need based federal aid. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Need Analysis Planned Corrective Action: The institution is moving to automated loan packaging by the Power FAIDS financial aid management system, which packages the loan based on grade level and remaining unmet financial need. Therefore, if a student’s remaining need is less than the available subsidized eligibility, the system will only package up to the remaining need. Furthermore, as a second quality assurance check, a rule has been written in the PowerFAIDS financial aid management system that will flag any student that has been awarded sub over need. Person Responsible for Corrective Action Plan: Justin Pichey, Director of Financial Aid Anticipated Date of Completion: This has already been implemented for fiscal year 2026-2027.
FAC accepted this audit on November 20, 2024 — management decision was due May 20, 2025.
FAC accepted this audit on December 1, 2023 — management decision was due June 1, 2024.
FAC accepted this audit on November 16, 2022 — management decision was due May 16, 2023.
FAC accepted this audit on November 11, 2021 — management decision was due May 11, 2022.
FAC accepted this audit on November 17, 2020 — management decision was due May 17, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on November 19, 2018 — management decision was due May 19, 2019.
FAC accepted this audit on November 28, 2017 — management decision was due May 28, 2018.
FAC accepted this audit on November 28, 2016 — management decision was due May 28, 2017.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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