TOP 10 PROGRAM REVIEW FINDINGS OF 2019
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 the 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 2019.
- NSLDS Roster Reporting: Student Status – Inaccurate/Untimely Reporting
- Verification Violations
- Entrance/Exit Counseling Deficiencies
- Return of Title IV (R2T4) Calculation Errors
- Student Credit Balance Deficiencies
- Crime Awareness Requirements Not Met
- Consumer Information Requirements Not Met
- Drug Abuse Prevention Requirements Not Met
- Inaccurate Recordkeeping
- Lack of Administrative Capability
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.
Call us today for a free no-obligation consultation and to find out how our assessments can work for you.
Institutions with questions about Title IV and compliance with Federal Regulations related to Federal Student AId Programs are welcome to contact our office for assistance.