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March 28, 2005

Death, Taxes, Program Reviews, and Audits

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As the old saying goes, “there are but two things certain in life—death and taxes.” For those who administer federal student aid under Title IV of the Higher Education Act, there is another certain fact—at some point in your career you are likely to be visited by the U.S. Department of Education (ED) for either a Federal Student Aid (FSA) program review or an Office of Inspector General (OIG) audit. While either type of review can be daunting, there are some proactive measures that any institution can follow to minimize disruption to your daily operations and to maximize the possibility of a positive outcome. This article is intended to provide some useful background to newer financial aid directors who may not have yet experienced a program review or OIG audit, and to offer some practical tips and advice for handling such reviews when they occur.

To view the full article, please click the PDF link above.

The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.

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