TOP 10 PROGRAM REVIEW FINDINGS OF 2018
One of the functions of the U.S. Department of Education is to oversee the Federal Student Aid programs to ensure they are administered correctly and that institutions are meeting the FSA requirements for institutional eligibility, financial responsibility, and administrative capability.
School Participation Divisions review information about each title iv approved school from a variety of sources including accrediting agencies, state licensing boards and agencies, student complaints and of course, financial and compliance audits.
This information is evaluated by ED and FSA to assess potential risk to the FSA programs and if necessary, act to investigate a school. One of the ways ED does this is by conducting program reviews at schools that exhibit certain indications of problems or pose a potentially significant risk of failing to comply with the rules and regulations governing title iv participation.
Knowing what to watch out for can help you avoid compliance problems.
These findings represent data ED reported based on findings from Program Review audits and compliance examinations reports conducted by FSA and published in the last twelve months for fiscal year 2018.
- NSLDS Roster Reporting – Inaccurate/Untimely Reporting
- Crime Awareness Requirements Not Met
- Return of Title IV (R2T4) Calculation Errors
- Drug Abuse Prevention Requirements Not Met
- Student Credit Balance Deficiencies
- Consumer Information Requirements Not Met
- Verification Violations
- Entrance/Exit Counseling Deficiencies
- Inaccurate Recordkeeping
- Satisfactory Academic Progress Policy Not Adequately Developed/Monitored
Findings like these are preventable.
Higher Ed Executives provides colleges and universities with objective and confidential assessments that can help you uncover unknown compliance problems and improve title iv administrative and operational procedures and processes.
Our comprehensive assessments cover the full spectrum of FSA requirements for institutional eligibility, financial responsibility, and administrative capability.