Federal Student Aid’s Use of Pandemic Assistance Student Aid Administration Funds
Summary
Report F21DC0081 of the U.S. Department of Education OIG, issued August 1, 2023, on Federal Student Aid's use of pandemic assistance student aid administration funds. It found that as of November 30, 2022, FSA obligated nearly 100 percent of the $161.1 million it received, with the Next Gen FSA Program Office accounting for 78 percent of the obligations. It states that FSA had approximately $3.2 million remaining in unobligated ARP funds and that on June 3, 2023 unobligated balances were permanently rescinded under the Fiscal Responsibility Act of 2023. The report was informational and did not include any recommendations.
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“Federal Student Aid’s Use of Pandemic Assistance Student Aid Administration Funds | U.S. Department of Education OIG.”
Original at oig.ed.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/federal-student-aid-s-use-of-pandemic-assistance-student-aid-administr-2f8177dbbf/
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Federal Student Aid’s Use of Pandemic Assistance Student Aid Administration Funds Report Information Date Issued August 1, 2023 Report Number F21DC0081 What We Did The purpose of the report is to share with Federal Student Aid (FSA) our observations of its use of student aid administration funds authorized by coronavirus response and relief laws. What We Found We found that as of November 30, 2022, FSA obligated nearly 100 percent of the $161.1 million in appropriations it received for pandemic assistance student aid administration funds. Nine FSA business units obligated approximately $157.8 million (98 percent) of the total pandemic assistance student aid administration funds, with one business unit, the Next Gen FSA Program Office, accounting for 78 percent of the obligations. The pandemic assistance student aid administration funds were used for personnel compensation and benefits, information technology systems and services contracts, and contractual services contracts. As of November 30, 2022, FSA had approximately $3.2 million remaining in unobligated ARP funds. As of April 4, 2023, specific plans for how those funds will be used were still under development. On June 3, 2023, as a result of the enactment of the Fiscal Responsibility Act of 2023, unobligated balances of ARP student aid administration funds were permanently rescinded. FSA stated that prior to the enactment of the Fiscal Responsibility Act it had plans in place to use the remaining ARP funds to support the end of the pandemic-related pause in repayments. What We Recommend The report was informational and did not include any recommendations. Management Challenge Area Implementing Pandemic Relief Aid Laws Related Work Products See our Pandemic Relief page for other work in this area. View report on Oversight.gov
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