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Federal Requirement 4.7

The institution is in compliance with its program responsibilities under Title IV of the most recent Higher Education Act as amended. (Title IV program responsibilities)


√ CompliantNon-Compliant

Narrative

The University of Texas Medical Branch at Galveston (UTMB) is in compliance with its program responsibilities under Title IV of the 1998 Higher Education Amendments as supported by the State of Texas Student Financial Assistance Cluster Audit of August 31, 2012. As a State of Texas institution, UTMB's student financial aid activities are subject to periodic limited compliance audits as part of the Student Financial Assistance Cluster by the Texas State Auditor in completion of the Statewide Single Audit. Since the Texas State Auditor uses a cluster approach, UTMB does not receive a compliance audit annually and was last included in the 2012 statewide audit (1). UTMB currently participates in the Federal Direct Loan program, the Federal Perkins Loan program, the Federal Work-Study program, the Federal Pell Grant program, and the Federal Supplemental Educational Opportunity Grant program. The 2012 audit of the institutionís financial aid programs reveals no issues of noncompliance, reportable conditions, or weaknesses for the Medical Branch.

There are no outstanding issues between the Department of Education (DOE) and UTMB with regard to the administration of the Title IV programs and no known complaints have been filed with the DOE regarding UTMBís administration of Title IV. UTMBís current participation agreement is valid through June 30, 2015. The institution submits the Fiscal Operations Report and Application to Participate to the DOE in a timely manner and has not been placed on the reimbursement method nor has the institution been required to obtain a letter of credit in favor of the DOE.

There are no significant unpaid dollar amounts due back to the DOE and the institution is not aware of any infractions to regulations which would jeopardize Title IV funding. UTMBís most recent default rate calculation for the Federal Direct Student Loan program is 1.1% for fiscal year 2010 (2). For the Federal Perkins Loan program, our default rate is 1.19% as reported on the Fiscal Operations Report for 2012 (3).

Sources
(1.) State audit report of August 31, 2012.
http://www.sao.state.tx.us/reports/main/13-019.pdf

(2.) School Cohort Default Rate Historical Report
https://www.nsldsfap.ed.gov/nslds_FAP/secure/reppara.jsp

(3.) Fiscal Operations Report for 2012, Part III, Federal Perkins Loan Program, page A-7, Section D, Item Number 1.3
https://cbfisap.ed.gov/ecb/cbswebapp/servlet/fisapservletvalidate

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