Chyrl Ayers

Discussion Comment

Esther, I reviewed your comments on the Compliance Audits and I agree that information could be lost and audit findings may occur; however, could you be more specific in your thoughts on this issue. Please provide me with some addition concerns that one would expect to occur when a college has non-compliance findigs during an audit. Thanks, Chyrl

Chyrl Ayers

Discussion Comment

Compliance Audit

Esther, That is correct. Also, the customer service point is very valid. Since students expect the Financial Aid Department to be knowledge, compliance issues that affect the students TIV eligibility would definitely make the students concerned. Thanks, Chyrl

Chyrl Ayers

Discussion Comment

Compliance Audit

Linda, It is important to avoid any type of non-compliance finding since it could bring into question the institution's administrative capability. Any type of LST action could result in damage to the college's ability to provide an education for their students. Thanks, Chyrl

Chyrl Ayers

Discussion Comment

Preventing Program Reviews

Linda, Prevention is the key to avoiding compliance issues. Also, additional training is beneficial to insure your FA office stays on top of changes in regulations and guidance. Thanks, Chyrl

Chyrl Ayers

Discussion Comment

Compliance Audit

Anne, Your comments are right on mark. Severe compliance problems usually indicate an administrative weakness issue. Once the compliance is a specific area has been lost it does take a great deal of energy and effort on the part of the college to regain. Thanks, Chyrl

Chyrl Ayers

Discussion Comment

Compliance Audit

Mercedes, I agree that it is necessary to have control and organization in your financial records to prevent noncompliance findings; however, I am interested in your opinion on what could occur if your college is not in compliance. Any thoughts? Chyrl

Chyrl Ayers

Discussion Comment

Preventing Program Reviews

Mercedes, What steps have you taken in your FA Office to avoid or prepare for a program review? Chyrl

Chyrl Ayers

Discussion Comment

Return of Title IV Funds

Mercedes, That is an excellent point; however, I would be interested in how RT4 has impacted your college and students. Thanks, Chyrl

Chyrl Ayers

Discussion Comment

Preventing Program Reviews

Anne, Your comments are excellent. I am sure your college works daily to insure compliance in all areas and avoid the need for a negative program review. Thanks, Chyrl

Chyrl Ayers

Discussion Comment

Return of Title IV Funds

Anne, I think that is an excellent point. RT4 does seem to offer students more information on how and why funds are being retained for their institutional or non-institutional charges. Thanks, Chyrl