Multiple Agencies
An Audit Report on Student Financial Aid at Four-Year State Universities
May 1999
Report Number 99-035
Overall Conclusion
Financial aid offices need to improve the way they deliver aid to Texas students. Based on audit work at two state universities and survey results from 34, financial aid offices may not be prepared for the increasing financial need of students enrolling in Texas universities.
Key Facts and Findings
- In one audit we noted inefficient business practices that caused delays in the delivery of funds to eligible students.
- In both audits we noted program accounts that did not accurately reflect the total monies available to students.
- Our survey of 34 financial aid offices at four-year state institutions found varying levels of resources and support for delivering assistance monies to students. These differences indicate that some offices may not have the tools needed to adequately assist students now or in the future.
Currently about 40 percent of Texas students receive approximately $2.3 billion allocated each year in state and federal student financial aid.
Contact the SAO about this report.