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