We’ve got this year’s top ten FSA Program Review Findings to help you start the year off right.
Knowing what to watch out for can help you avoid compliance problems. These findings represent data ED reported based on findings from institution’s Program Review audits and compliance examinations during the most recently completed fiscal year (2017).
50% of the top program review findings last year were related to consumer information violations.
1. NSLDS Roster Reporting – Inaccurate/Untimely Reporting
2. Crime Awareness Requirements Not Met
3. Return of Title IV (R2T4) Calculation Errors
4. Verification Violations
5. Drug Abuse Prevention Requirements Not Met
6. Entrance/Exit Counseling Deficiencies
7. Consumer Information Requirements Not Met
8. Student Credit Balance Deficiencies
9. Inaccurate Recordkeeping
10. Satisfactory Academic Progress Policy Not Adequately Developed/Monitored
Findings like the ones on this list are preventable and if you’ve already been cited for non-compliance, corrective action can be made.
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 Title IV Program Participation Requirements and Program Administration including:
- Standards of Administrative Capability
- Packaging, Awarding and Disbursing FSA Funds
- Fiscal and Administrative Controls
- Institutional Eligibility
- Consumer Information and Student-Right-To-Know