AUSTIN COLLEGE

Pell Awards Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Pell Grants Federal Award Identification #: 2024-2025 Financial Aid Year Condition: The College did not properly award Pell for students enrolled in Summer courses. Criteria: 34 CFR 690.63(b) Questioned Costs: $0 Context: 3 out 40 students tested were not properly awarded Summer Pell awards. The College completed a full file review of Pell eligible students who were enrolled in Summer 2025 courses. During this review, it was discovered that 30 students should have been awarded Pell totaling just under $50,000. These were corrected during the audit. Cause: New Pell calculation regulations for students enrolled in Summer courses were not correctly implemented for the 2024-2025 award year. This was an oversight by management. Effect: Pell was not awarded correctly to students enrolled in Summer courses. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College update processes to reflect the changes in Pell regulations for students enrolled in Summer courses. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, 84.033, 84.038, and 84.379-Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, implemented sufficient vendor management policies and reviews, or provided a written, annual report to the board. Cause: The College had noted the updated requirements of GLBA and engaged a third party to assist with addressing and documenting compliance with the updated requirements of GLBA. This process took place after fiscal year-end. Effect: The College may have unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address all updated requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.