No, it is not the winter holiday season yet, but it is never too early to check your institutional policies and procedures against the Department of Education’s (ED) Top 10 Audit and Program Review findings for this year. If the word “audit” does not send a chill of fear up the spine of most any financial aid administer, “program review” is certainly guaranteed to do the job. ED officials did note at the NASFAA 2012 National Conference, that there has been an increase in program reviews in recent years. Schools that have not had a program review in many years may receive notification that ED is coming. In the spirit of preventive maintenance and brevity, the top audit and program review findings that appear on both lists are included.
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