Hillsborough Community College provides financial assistance to students via Federal and State of Florida programs. The Florida Auditor General audits all financial aid programs annually as required by the Code of Federal Regulations 34 CFR and Florida Statutes. The Federal Financial Aid Handbook and the Federal Blue Book are sources for auditing Federal Title IV programs. The State of Florida Financial Aid Audit Guide is the source for auditing State programs.
The College President is authorized by Florida Statute (F.S. 1001.65) and HCC Administrative Rules (6HX-10-5.402, Institutional Scholarships and 6HX-10-5.405, Financial Aid Programs) to establish and maintain Federal-, State-, and College-funded financial aid programs.
Hillsborough Community College participates in the following Federal Student Financial Aid programs for which audits are conducted on a regular basis: the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant (FSEOG), the Federal Work-Study Program (FWS), the Federal Subsidized Stafford Loan and Federal Unsubsidized Stafford Loan, and the Federal Parent Loan for Undergraduate Students (PLUS).
HCC participates in the following State of Florida Student Financial Assistance programs for which audits are conducted on a regular basis: the Florida Public Student Assistance Grant, the Chappie James Teacher Scholarship Loan Program, the Critical Teacher Shortage Scholarship Loan Program, the Robert T. Byrd Scholarship, the Children of Deceased Veterans, and the Bright Futures Scholarship Program.
The State of Florida Auditor General’s Office has completed the audits of Federal Student Financial Aid programs at HCC for the 2002-2003, 2003-2004, and 2004-2005 years. The audits included a review of Title IV Financial Aid Programs (State of Florida Auditor General Federal Audit Report 2002-2003; 2003-2004; *2004-2005). The audit team reviewed the functions of eligibility, verification, awarding, disbursements, and Return of Title IV Funds. HCC received unqualified audit opinions on these audits. In addition, a review of the College’s requirement to report students’ enrollment status to the National Student Loan Data System was completed.
Hillsborough Community College received no findings in the Federal Audit for 2002-2003. The findings received in the Federal Audit, 2003-2004 have been resolved. Full Audit Reports are available on the Florida Auditor General website.
Hillsborough Community College is on electronic transfer and is noted as an Advance Payment Institution for the Federal Pell Grant Program of the United States Department of Education (USDOE). HCC has not been placed on Federal Pell Grant reimbursement payment method, nor have we been obligated to post a letter of credit on behalf of the USDOE or other financial regulatory agency.
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