Student financial aid: data not fully utilized to identify inappropriately awarded loans and grants: report to the Ranking Minority Member / United States. General Accounting Office

Book Cover Student financial aid: data not fully utilized to identify inappropriately awarded loans and grants: report to the Ranking Minority Member
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/ United States. General Accounting Office
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ISBN-10: 1234094770
ISBN-13: 9781234094775


Original publisher: Washington, D.C. (P.O. Box 37050, Washington 20013) : The Office, [1995]. OCLC Number: (OCoLC)36198973 Subject: Student aid -- United States -- Evaluation. Excerpt: ... B-261101 are allowed by law. If an overpayment is identified, the student should not be able to obtain another Pell grant until the overpayment is resolved. Because this system check was recently developed, it is too soon for us to determine what effects it will have on the Department's Pell Grant Program. ( See page 21 for more information on this system's enhancements. ) Department officials said that Department experience has shown that these apparent overpayments generally occur because of school delays in reporting award adjustments. Due to system limitations in prior years, they said that some adjustments after the close of an award year were posted 15 as a lump sum to school accounts, rather than to student-level records. Thus, for either the Department or us to determine whether an actual overpayment occurred, the data would have to be verified for each student. We found instances in which oversight responsibilities were divided and Student Financial Aid OPE data were ineffectively shared between units in. In April 1991, the Oversight and ) jointly OMB Department and the Office of Management and Budget ( reported on the results of their review of how the Department Accountability Were 16 OPE administered student financial aid programs. They found that ' s Ineffective organizational structure was fragmented, complicating communication and decision-making, dividing responsibility for compliance, and making the coherent and effective use of resources and processes impossible. In ' s systems and controls were unreliable. OPE addition, OPE The report recommended that the Department reorganize along functional lines; evaluate the data needed to manage and plan the implementation of; and provide better systems for accountability, FFELP management control, and decision-makin...
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