3.10.2 The institution audits financial aid programs as required by federal and state regulations. (Financial aid audits)
Findings of the Off-Site Reaffirmation Committee
The University provided no evidence that it audits its financial aid. There is reference to a singular state level review in the response to Federal Requirement 4.7.
Response and Actions Taken
The University of New Orleans has a current program participant agreement with the United States Department of Education in force until June 30, 2017. Also provided is the Eligibility and Certification Approval Report for the financial aid program.
The financial aid program is audited every other year by the Louisiana Legislative Auditors. The most recent audit was completed in December 2014 and did include a focus on the financial aid program. As seen in the Management Letter, no audit issues were identified for the UNO financial aid program. The last audit reviewed and confirmed by the U.S. Department of Education covered the period July 1, 2011 through June 30, 2012 and found no financial aid audit exceptions for the University of New Orleans as noted in a letter from the U.S. Department of Education.