| Question/Requirement | 3
|
2
|
1
|
0
|
| What issues exist with Title IV programs for the institution, if any?
–Has the institution been placed on the reimbursement method? –Has the institution been required to obtain a letter of credit on behalf of the Department of Education? If so, what is the status of that letter of credit? –Are there findings in the independent audit of the institution’s federal financial aid programs? Are these findings significant, material, repeated, or indicative of administrative capability issues? Are questioned costs significant? –Are there significant impending litigation issues with respect to financial aid activities? –Are there significant unpaid dollar amounts due back to the Department of Education? –Has adverse communication been received from the Department of Education? If so, what was the institution’s response? –What is the institution’s student loan default rate? Is there a finding in the audit of federal awards regarding student loan default rates? –Is the institution aware of infractions to regulations that would jeopardize Title IV funding? |
Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
|
Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
|
Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation | Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report. |
| Question/Requirement | 3
|
2
|
1
|
0
|
| Did the most recent audit of Title IV federal funds bear an unmodified opinion? | Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
|
Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
|
Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation | Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report. |
| Question/Requirement | 3
|
2
|
1
|
0
|
| For public institutions, how often are financial aid audits required by the federal government? | Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
|
Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
|
Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation | Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report. |
| Question/Requirement | 3
|
2
|
1
|
0
|
| If not annually, explain. Public institutions may not have these reviews annually and should explain their state’s process. Peer evaluators have generally not accepted the argument that an individual institution is not required to have an audit of federal awards by the state’s agreement with the federal government. SACSCOC standards require an audit of federal Title IV financial aid for member institutions
|
Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
|
Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
|
Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation | Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report. |
| Question/Requirement | 3
|
2
|
1
|
0
|
| For public institutions, if the institution is included in a group of institutions for federal awards compliance review (such as a state or system audit), is it clearly indicated by name that your institution has been reviewed? Are findings clearly delineated by institution? | Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
|
Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
|
Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation | Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report. |
Included
|
Not Included
|
|
| Most recent federal awards/financial aid audit.
|
||
| Audits of state financial aid programs.
|
||
| Institutional responses to all audits and/or findings.
|
||
| Copies of all relevant correspondence received from the U.S. Department of Education for ongoing noncompliance issues, including liabilities owed.
–Copies of institutional response to U.S. Department of Education correspondence. |
||
| Negotiated settlement agreements for the payoff of any fines or monies owed in connection with program reviews.
|
||
| Internal audits related to federal or state financial aid programs.
|
||
| Copies of any reports on compliance from the U.S. Department of Education.
|
| Comments:
|