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TASFAA 2018 Honoring the Past & Building the Future

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Presentation on theme: "TASFAA 2018 Honoring the Past & Building the Future"— Presentation transcript:

1 TASFAA 2018 Honoring the Past & Building the Future
Top Compliance Review Findings TASFAA 2018 Honoring the Past & Building the Future Jeremy Sanders Katherine Clements April 23, 2018

2 Honoring the Past and Building the Future
What is the objective? TASFAA 2018 Honoring the Past and Building the Future

3 Honoring the Past and Building the Future
What is the objective? Discuss trending compliance issues Share 3rd party perspective Help mitigate risk and prepare TASFAA 2018 Honoring the Past and Building the Future

4 Honoring the Past and Building the Future
TASFAA 2018 Honoring the Past and Building the Future

5 Honoring the Past and Building the Future
Return to Title IV (R2T4) Days in Term / Payment Period Withdrawal Date Errors Rounding Inadvertent Overpayments Late Returns TASFAA 2018 Honoring the Past and Building the Future

6 Honoring the Past and Building the Future
TASFAA 2018 Honoring the Past and Building the Future

7 Honoring the Past and Building the Future
Repeat Findings Corrective Action Plan Implementation Failure CAP Does Not Fix Issues Internal Controls Lacking TASFAA 2018 Honoring the Past and Building the Future

8 Honoring the Past and Building the Future
Satisfactory Academic Progress (SAP) Improperly Calculating Components Warnings vs. Probation vs. Ineligible Appeals Consistency Issues Missing Documentation TASFAA 2018 Honoring the Past and Building the Future

9 Honoring the Past and Building the Future
TASFAA 2018 Honoring the Past and Building the Future

10 Honoring the Past and Building the Future
Verification Violations Verification Worksheet Incomplete Inconsistent Data Between Worksheets Unverified Tax Income Missing Documentation Interim Disbursement Rules Not Followed TASFAA 2018 Honoring the Past and Building the Future

11 Honoring the Past and Building the Future
TASFAA 2018 Honoring the Past and Building the Future

12 Honoring the Past and Building the Future
Pell Grant Improper Payments Incorrect EFC Incorrect Hours Pell Grant Formula Issues Enrollment Status Changes TASFAA 2018 Honoring the Past and Building the Future

13 Honoring the Past and Building the Future
TASFAA 2018 Honoring the Past and Building the Future

14 Honoring the Past and Building the Future
Common Trends Communication Lacking Training Issues Not Enough Resources Lack of Internal Review Software Issues TASFAA 2018 Honoring the Past and Building the Future

15 Honoring the Past and Building the Future
Preparation and Risk Mitigation Compare FSA Handbooks Each Year Policy and Procedure Review / Enforcement Continuing Education / Training Voluntary Review / Recalculation Internal Controls Review TASFAA 2018 Honoring the Past and Building the Future

16 Honoring the Past and Building the Future
Questions? Jeremy Sanders: Katherine Clements: TASFAA 2018 Honoring the Past and Building the Future


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