Works with Program Compliance team members to develop background data. Conducts reviews of student financial assistance programs at institutions of postsecondary education with particular attention given to the administration and management of Title IV funds. Through on or off-site visits, determines whether these institutions are disbursing, utilizing, and administering Federal funds appropriately. This involves the development of sampling techniques to determine the extent of non-compliance, and to assess liabilities due the Federal government.
Assesses administration of the Title IV programs to determine if Federal funds are adequately safeguarded and used only for the purposes specified in applicable Federal regulations. Analyzes fiscal records and drawdown methodologies to ensure Federal money is awarded correctly and requested only as needed. Evaluates complex need analysis forms to ensure expected family contribution, cost of attendance and resultant financial need have been accurately computed and properly utilized in packaging students with Federal financial assistance.
Justifies, supports, and provides findings of non-compliance to college presidents, comptrollers, bursars, business managers, financial aid directors, and registrars. Evaluates conditions during the program reviews for gross mismanagement and pervasive non-compliance with Federal regulations that may jeopardize Title IV funds. Where those conditions exist, support that conclusion and justify recommendation for appropriate administrative action. If departmental authorities concur with the proposed administrative action, gathers evidence and prepares case against the institution. Works with the OIG for Audit and/or for Investigations by providing summary of findings and any supporting documentation.
When alerted that participating institutions have closed or are in imminent danger of closing, takes appropriate action to preserve the government’s interest, which may include seizing records, promissory notes and other assets if in his/her opinion dissolution is imminent. Conducts analyses of institutional applications for Title IV funding for schools seeking renewal certification, to add additional programs eligible for student assistance, to establish an additional location, etc. Evaluation involves an inspection of fiscal records, audits, balance sheets, and profit and loss statements and it requires an assessment of the adequacy of staff, physical facilities, administrative structure, and the record keeping systems of the institution.
Prepares program review summaries transmitting results of on or off-site program reviews, which may contain recommendations on corrective action required, to officials of participating institutions or agencies. Prepares a variety of regular and required reports on operational and program problems or accomplishments.
Serves as liaison with the Administrative Actions and Appeals Group, Business Operations, and the Financial Management Service to ensure all payment requests are processed accurately and timely. Responds to inquiries from institutions, servicers, the general public, guarantee agencies, and other State and Federal agencies regarding oversight and monitoring.