Newman UniversityHigher Education

U.S. Department of Education Education Stabilization Fund, Higher Education Emergency Relief Fund (HEERF) - Institutional Portion #84.425F and Student Portion #84.425E Award Year - Funding period May 5, 2020 to February 18, 2022 Criteria or Specific Requirement ? Under the CARES Act 18004(e) and the CRRSAA 314(e), there are three components to reporting HEERF, public reporting on student aid portion, public reporting on the institutional portion, and annual reporting. The public reporting on student aid requires institutions to publicly post certain information, including four items defined by the U.S. Department of Education (ED) as key items, on their website as soon as possible but no later than 30 days after the publication of the notice or 30 days after the ED first obligated funds. The report must be updated no later than 10 days after the end of each calendar quarter. The public reporting on institutional aid requires institutions to publicly post the HEERF institutional reporting form on the institution's primary website no later than 10 days after the end of each calendar quarter with the exception of the first report, which was due October 30, 2020, and the report covering the first quarter of 2021, which was due July 10, 2021. The annual report was required to be submitted to the ED via the Annual Report Data Collection System by February 8, 2021, and applied to the reporting period from March 13, 2020, through December 31, 2020. Condition ? The University did not post two of the four quarterly institutional aid and one of the three quarterly student aid HEERF reports to the website on a timely basis. Questioned Costs ? None noted Context ? Out of a population of eight reports (one annual, four quarterly public reports (continued) for institutional aid and three quarterly public reports for student aid), we noted the University did not publicly post three reports timely. Two quarterly reports under the HEERF institutional portion and one report under the HEERF student portion were posted late. Effect ? The University was not in compliance with the reporting requirements of the Education Stabilization Fund program. Cause ? Management used a 30 day deadline for reporting instead of a deadline of 10 days. Identification as a Repeat Finding ? N/A Recommendation ? We recommend that management review this area and establish procedures to ensure required reports are completed timely. Views of Responsible Officials ? Management concurs with the findings and recommendations. See separate report for planned corrective actions.

Reference Number 2019-002 U.S. Department of Education Student Financial Assistance Cluster CFDA No. 84.268 - Federal Direct Student Loans CFDA No. 84.063 - Federal Pell Grant Program CFDA No. 84.007 - Federal Supplemental Educational Opportunity Grants CFDA No. 84.033 - Federal Work-Study Program CFDA No. 84.038 - Federal Perkins Loan Program CFDA No. 84.379 - Teacher Education Assistance for College and Higher Education Grants Criteria or Specific Requirement ? Special Tests and Provisions - Return of Title IV Funds (34 CFR section 668.22. Condition ? The University did not calculate the return of Title IV funds in accordance with federal regulations. Questioned Costs ? CFDA No. 84.268 - Federal Direct Student Loans - $35.Calculated as the difference between amount that should have been returned by the University and amount actually returned. Context ? Out of a population of 34 students who received federal aid totaling$316,975 and withdrew during the year ended June 30, 2019, we selected a sample of six student refunds that received $32,061 of federal aid. Out of these six students selected for testing, we noted one instance in which the calculation of the return of Title IV funds was not in accordance with federal regulations resulting in an under-return of funds to the U.S. Department of Education. The sample was not, and was not intended to be, a statistically valid sample. Effect ? Refunds were not calculated correctly for students who withdrew in the Fall 2018 semester. Cause ? Inaccurate information was included in the Federal Student Financial Aid refund calculations. The number of days in a semester should be decreased by any breaks that last five consecutive days or longer. There was a five day break over Thanksgiving; however, six days were utilized by management in the calculation of refunds during the Fall 2018 semester. Identification of Prior Years Finding ? N/A Recommendation ? The University should take appropriate action to ensure information used to calculate student refund calculations is accurate and ensure proper oversight is performed. Views of Responsible Officials ? Management concurs with the findings and recommendations. Additional testing indicated the University did not calculate the return of Title IV funds in accordance with federal regulations for a total of 15 students during the Fall 2018 semester. See separate report for planned corrective actions.

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