Federal Requirement 4.7 and Comprehensive Standard 3.10.3
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Federal Requirement 4.7
Title IV Compliance
The institution is in compliance with its program responsibilities under Title IV of the 1993 Higher Education Amendments.
Comprehensive Standard 3.10.3
Required Federal and State Financial Aid Audits
The institution audits financial aid programs as required by federal and state regulations.
Judgment of Compliance
Georgia College & State University is in compliance with its program responsibilities under Title IV of the 1993 Higher Education Amendments and can provide evidence through the narrative and supporting documentation, including the official Approval Notice. Georgia College is also in compliance with CS 3.10.32 and can provide evidence through the narrative and supporting documentation, including a "no findings" report in the 2007 audit by the Georgia Department of Audits and Accounts in accordance with the Single Audit Act (Circular A-133).
Title IV Compliance
This is supported by the Approval Notice dated October 1, 2008. GC participates in the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Work-Study, Federal Perkins Loan, Federal Family Educational Loans (FFELP) and Federal Direct Loan programs. Further, GC administers Georgia's scholarships (which includes Georgia's HOPE Scholarship program), grants and Service Cancelable loan programs.
Evidence of compliance includes:
*No outstanding issues between the U.S. Department of Education and GC with regard to the administration of the Title IV programs.
*No complaints filed with the U.S. Department of Education regarding GC's administration of the Title IV aid programs.
*GC's current Program Participation Agreement (PPA) is valid through June 12, 2012.
*No U.S. Department of Education audits of the GC Office of Financial Aid in the past five years.
*No unpaid dollar amounts due back to the U.S. Department of Education.
* No infractions to regulations that would jeopardize Title IV funding.
Financial Aid Audits
As part of the University System of Georgia, GC's financial aid program accounts are audited in accordance with the Single Audit Act (Circular A-133) by the Georgia Department of Audits and Accounts on an annual basis. In the audit report for FY2007, GC received no findings.
The Georgia Student Finance Commission (GSFC) performs a periodic Program Review of Georgia's State Scholarships and Grant Programs. The most recent review was performed on October 2-3, 2008, and covered all state programs awarded for the 2006-2007 academic year. While the program review did produce one monetary finding due to the institution's lack of knowledge of a student's transfer work, the overall report reflected GC's ability to effectively administer the state programs. This one issue was resolved when payment was made to GSFC on January 13, 2009. On December 8, 2008, GCSU was notified by GSFC of its exemption of the program review process during FY2009 according to the agency's policy for at least one audit within a three-year cycle unless program remediation is denoted.