Part 3 - Federal Requirements
  

4.7  The institution is in compliance with its program responsibilities under Title IV of the most recent Higher Education Act as amended. (In reviewing the institution’s compliance with these program responsibilities, the Commission relies on documentation forwarded to it by the U.S. Department of Education.) (Title IV program responsibilities)

Compliance
Partial Compliance
Non-Compliance

Narrative

The University of New Orleans is in full compliance with all program responsibilities under Title IV of the 1998 Higher Education Amendments. All non-Federal entities that expend $500,000 or more of Federal awards in a year are required to obtain an annual audit in accordance with the Single Audit Act Amendments of 1996, OMB Circular A-133, the OMB Circular Compliance Supplement and Government Auditing Standards.

The Office of the State of Louisiana Legislative Auditor annually prepares a single audit report that includes every public university in the state.  Biennially, that audit includes a detailed review of federal financial aid programs and Title IV programs administered by the University of New Orleans. This annual audit meets the requirements prescribed by the U.S. Department of Education, in accordance with the Office of Management and Budget (OMB) Audit Criteria A-133. 

In addition to the Legislative Audits, the University’s internal auditor may review the disbursement of federal and state financial aid awards and the accompanying documentation.

Federal Compliance

In the Legislative Auditor’s Management Letter for Fiscal Year 2012-2013 issued on December 26, 2013, there were no audit findings in regards to Financial Aid or Title IV programs; however, the University was cited for an Inaccurate Annual Report.

The Financial Aid Office at the University of New Orleans complies with the requirements and program responsibilities under Title IV.  Since the 2005 reaffirmation, the University of New Orleans:

  • has not been placed on the reimbursement method;
  • has not been required to obtain a letter of credit in favor of the U.S.  Department of Education;
  • is unaware of any complaints filed with the U.S.  Department of Education regarding the institution;
  • has no significant impending litigation issues with respect to financial aid activities;
  • does not have any significant unpaid dollar amounts due back to the U.S.  Department of Education;
  • has had no adverse communication from the U.S.  Department of Education; and
  • is not aware of any infractions of regulations that would jeopardize Title IV funding.

The University’s loan default rate is within acceptable parameters.  The draft three year 2011 Cohort Default Rate was 9.1%. UNO’s 2010 draft three year rate was 10%. The University uses several strategies to fulfill its responsibility to maintain its default rate within acceptable limits.  As first time borrowers at UNO, students are required to complete entrance counseling (available online), even if they have received a loan at a prior institution.  Counseling students not to borrow more money than needed to meet educational expenses is also standard procedure.  The Net Price Calculator, a link from the University’s Prospective Students page, allows students to calculate their individual financial responsibilities.

Financial Aid Office at the University of New Orleans

The Office of Enrollment Services Financial Aid website provides information for students about Title IV and other financial assistance programs.  The financial aid website provides detailed information about applying for aid, deadlines, and university policies, types of aid, required Satisfactory Academic Progress standards, Stafford loans, and specialized information for transfer students.  The FAQ's section on the Website also has detailed information.

The Financial Aid Office at the University of New Orleans currently offers the following Title IV programs:

  • Pell Grant
  • Supplemental Educational Opportunity Grant (FSEOG)
  • Teacher Education Assistance for College and Higher Education (TEACH) Grant
  • Iraq and Afghanistan Service Grant***
  • Federal Work-Study
  • Federal Perkins Loan
  • Direct Subsidized Loans
  • Direct Unsubsidized Loans
  • Direct PLUS loans

***We do not have an active participant in this program as of spring 2014, but it is highly likely we will in the future.

The University of New Orleans also participates in the state’s GO Grant program, a need-based financial assistance program for low-and moderate-income students. These grants cover the education cost gap (unmet need) greater than zero of students who are Pell recipients. 

Data regarding the number of students receiving financial aid and the amount of aid disbursed for the past three years can be found in the Federal Aid Three Year Report.

Supporting Documents

Document Description
Document IconApplying_for_Financial_AidSteps for applying for Financial Aid
Document IconCode_of_Conduct_and_Privacy_Policy_UNOPolicy on Code of Conduct at UNO
Document IconCohort_Default_Rate_History_ListHistory of Cohort Default Rates
Document IconDates_and_Deadlines_UNOFinancial Aid deadlines at UNO
Document IconEntrance_Counseling_Student_LoansStudent Loan Counseling
Document IconFederal_Aid_Three_Year_ReportFederal Aid Three Year Report
Document IconFinancial_Aid_and_FAQs_UNOFacts and Questions regarding Financial Aid at UNO
Document IconFinancial_Aid_and_Transfer_StudentsInformation for Transfer Students to Apply for Financial Aid
Document IconFinancial_Aid_Home_UNOFinancial Aid website
Document IconLLA_Management_Letter_2013Legislative Auditor's Management Letter for Fiscal Year 2012-2013
Document IconNet_Price_CalculatorFinancial Aid, Net Price Calculator
Document IconSatisfactory_Academic_Progress_ (SAP)_Policy_UNOPolicy on Satisfactory Academic Progress (SAP)
Document IconTypes_of_Financial_Aid_UNOFinancial Aid offered at UNO
Document IconUpdated_Default_Rate_ Feb_2014Three year Cohort Draft Rate