The critical take away is that in an audit, it is not and isolated annual event, it is the ultimate test of an institution's continuous administrative capability. Institution must be proactive instead of reactive compliance. Waiting for an external audit to find errors guarantees costly liabilities and potential fines.

Laws and regulations governing TIV compliance reveals that federal student aid is not just a funding mechanism, it is a rigid framework of accountability, administrative capability and legal stewardship.

Compliance is not just a set of rules, but the foundational framework for everything we do in Financial Aid administration. Integrity and strict adherence to the TIV regulations are critical to protecting our institution's eligibility and most importantly, supporting our students.