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Remington College’s Use of Higher Education Emergency Relief Fund Student Aid and Institutional Grants

Audit · Department of Education OIG · 2021-09-28 · about Department of Education

Report

Title
Remington College’s Use of Higher Education Emergency Relief Fund Student Aid and Institutional Grants
Submitting OIG
Department of Education OIG
Component agency
Department of Education
Type
Audit
Publication date
2021-09-28

Summary

The objective of our audit was to determine if Remington College used the Student Aid (Assistance Listing Number (ALN) 84.425E) and Institutional (ALN 84.425F) portions of its Higher Education Emergency Relief Fund (HEERF) grant funds for allowable and intended purposes.Remington College generally used the Student Aid portion of its HEERF grant funds for allowable and intended purposes but did not always use the Institutional portion of its funds in accordance with Federal requirements.

Recommendations (8)

#StatusText
2.1ClosedRequire Remington College to return to the Department the $80,121 in Institutional grant funds spent beyond the supplemental Institutional grant period or reallocate the funds to other allowable costs.
2.2ClosedClarify whether the costs that Remington College initially charged to its Institutional grant for student computers were allowable under the law and existing guidance, and determine whether Remington College’s subsequent reallocation of costs for…
2.3ClosedDetermine whether the $639,400 that Remington College charged to its Institutional grant for contracts awarded without a competitive procurement process was reasonable when compared to the quality and costs of suitable alternatives, and if not,…
2.4ClosedRequire Remington College to incorporate in its policies and procedures for managing HEERF grant funds the Federal requirements related to charging only allowable costs during the grant performance period, using competitive processes for selecting…
2.5ClosedRequire Remington College to ensure that school officials responsible for making purchasing decisions receive sufficient training on Federal rules and regulations related to grant administration and management.
3.1ClosedRequire Remington College to incorporate in its policies and procedures for managing Institutional grant funds the Federal cash management requirements related to minimizing the time between drawing down and spending Federal grant funds, including…
3.2ClosedRequire Remington College to incorporate in its policies and procedures for managing Student Aid grant funds the Federal cash management requirements related to maintaining the funds in an interest-bearing account and remitting interest earned in…
3.3ClosedDetermine whether Remington College accurately calculated interest and ensure that the correct amount of interest is returned to the Federal government in accordance with 2 C.F.R. § 200.305(b)(9).

Source

Authoritative
oversight.gov report page
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