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ED - A20US0045 - 3.2

Closed · 2023-01-17

From report

Report
University of Cincinnati’s Use of Higher Education Emergency Relief Fund Student Aid and Institutional Grants
OIG report number
A20US0045
Recommendation number
3.2

Recommendation text

Require the University of Cincinnati to remit $35,439 based on the TIP’s average rate of return, less no more than $320 ($500 minus the $180 already retained) for administrative expenses if applicable; and remit the actual amount of earned interest on any future advances of Federal funds, in accordance with 2 C.F.R. section 200.305(b)(9).