EIN: 591023117
UEI: P4JLU1G63KS4
Audited by: Grant Thornton LLP
Oversight agency: 84 [Department of Education]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 11, 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 11, 2026 (12 days from today).
What is a management decision? →FAC accepted this audit on December 11, 2024 — management decision was due June 11, 2025.
FAC accepted this audit on November 20, 2023 — management decision was due May 20, 2024.
FAC accepted this audit on November 13, 2022 — management decision was due May 13, 2023.
FAC accepted this audit on December 21, 2021 — management decision was due June 21, 2022.
FAC accepted this audit on February 7, 2021 — management decision was due August 7, 2021.
FAC accepted this audit on November 14, 2019 — management decision was due May 14, 2020.
The University incorrectly calculated the financial need and related award packaging for one student. Out of a sample of 40 students selected for testing, we noted one student was awarded a direct subsidized loan in excess of their financial need. Cause: The University did not take into consideration all financial assistance the student received during the period and excluded certain financial assistance provided by the student?s employer. Effect or potential effect: Direct subsidized loan applicant was over awarded by $923. Questioned costs: The direct subsidized loan overpayment for the one student noted in our sample was $923. Based on the federal awards of $707,072 in our sample, the extrapolated error was $33,559. Context: We selected 40 students for eligibility testing, which included a review to ensure that total aid was not awarded in excess of the student?s financial need. We noted that the University incorrectly calculated the financial need and related award packaging for one student which resulted in an over award of a direct subsidized loan. Recommendation: We recommend the University review the existing process for award packaging and calculating a student?s financial need to ensure that students are awarded aid in accordance with federal regulations and that all financial assistance, including assistance from all Federal, State, institutional and other sources, is included in the determination of the student?s financial need and total aid to be awarded. Views of responsible officials: Refer to the University?s Corrective Action Plan. See Schedule of Findings and Questioned Costs for chart/table.
Show full finding ▾Hide full finding ▴2019-001: Award Packaging and Financial Need Calculation Identification of the federal program: U.S. Department of Education Student Financial Assistance Cluster Criteria or specific requirement: Federal regulations stipulate that awards must be coordinated among the various programs and with other Federal and non-Federal aid (need and non-need based aid) to ensure that total aid is not awarded in excess of the student?s financial need (Direct Loan, 34 CFR 685.301). The determination of student financial aid award amounts is based on financial need. Financial need is generally defined as the student?s cost of attendance minus financial resources reasonably available. The Direct Loan Program, 34 CFR 685.200, requires that a direct subsidized loan borrower demonstrate financial need. In determining loan amounts for direct subsidized loans, the financial aid administrator subtracts from the cost of attendance, the effective family contribution and the estimated financial assistance for the period of enrollment that the student (or parent on behalf of the student) will receive from Federal, State, institutional or other sources. Condition: The University incorrectly calculated the financial need and related award packaging for one student. Out of a sample of 40 students selected for testing, we noted one student was awarded a direct subsidized loan in excess of their financial need. Cause: The University did not take into consideration all financial assistance the student received during the period and excluded certain financial assistance provided by the student?s employer. Effect or potential effect: Direct subsidized loan applicant was over awarded by $923. Questioned costs: The direct subsidized loan overpayment for the one student noted in our sample was $923. Based on the federal awards of $707,072 in our sample, the extrapolated error was $33,559. Context: We selected 40 students for eligibility testing, which included a review to ensure that total aid was not awarded in excess of the student?s financial need. We noted that the University incorrectly calculated the financial need and related award packaging for one student which resulted in an over award of a direct subsidized loan. Recommendation: We recommend the University review the existing process for award packaging and calculating a student?s financial need to ensure that students are awarded aid in accordance with federal regulations and that all financial assistance, including assistance from all Federal, State, institutional and other sources, is included in the determination of the student?s financial need and total aid to be awarded. Views of responsible officials: Refer to the University?s Corrective Action Plan. See Schedule of Findings and Questioned Costs for chart/table.
Identifying Number: 2019-001 Finding: Federal regulations stipulate that awards must be coordinated among the various programs and with other Federal and non-Federal aid (need and non-need based aid) to ensure that total aid is not awarded in excess of the student?s financial need (Direct Loan, 34 CFR 685.301). The determination of student financial aid award amounts is based on financial need. Financial need is generally defined as the student?s cost of attendance minus financial resources reasonably available. The Direct Loan Program, 34 CFR 685.200, requires that a direct subsidized loan borrower demonstrate financial need. In determining loan amounts for direct subsidized loans, the financial aid administrator subtracts from the cost of attendance, the effective family contribution and the estimated financial assistance for the period of enrollment that the student (or parent on behalf of the student) will receive from Federal, State, institutional or other sources. The University incorrectly calculated the financial need and related award packaging for one student, resulting in a direct subsidized loan overpayment of $923. Anticipated Completion Date: October 10, 2019 Contact Person: John Chambers Corrective Actions Taken or Planned: The university returned the Federal Direct Subsidized loan of $923 to the servicer in October 2019. The student is no longer awarded the loan. The university has a procedure in place for a counselor to review each award package each time as awards are added to the financial aid package. In this particular instance in question, the student was awarded correctly on the original award. Subsequently, the student received a discount granted by the institution and a notification was received by the university about a tuition reimbursement. When the two subsequent items were added to the award package, the subsidized loan was not switched to the unsubsidized loan as the student?s financial need ($923) was already met by virtue of the combination of the discount and the tuition reimbursement. The institution has taken measures to provide further training to the counselors. Furthermore, exception reports will be generated each semester to detect any over awards early in the process to allow the counselor ample time to revise any award that may need to be converted or returned due to increases from other awards received or changes to the COA, EFC, or Need amounts. With these two corrective actions, we feel confident that this will assist in keeping all awards within the proper levels.
FAC accepted this audit on October 31, 2018 — management decision was due May 1, 2019.
FAC accepted this audit on November 5, 2017 — management decision was due May 5, 2018.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on November 2, 2016 — management decision was due May 2, 2017.
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