Great overview on C-code. There are hundreds of C-Codes and some require additional steps to be resloved prior to Titile IV funds being disburesed. 

The family does not need to be verified if: The family size is reported as two with a single, divorced, separated, or widowed parent; or The family size is reported as three with parents who are married or are unmarried and living together. And for independent The family size is reported as two if the student is married; or The family size is reported as one if the student is single, divorced, separated, or widowed.

Communication between departments is important. Help others and be a team-player since that help your team as well. 

I learned the most common mistakes found in an audit like pell overpayment and R2T4. When a school is audited good communication and review of regulations is needed/will be implemented.

I learned one should take their time and be careful when reading laws as the verbiage for law-making is complicated.

I learned how quickly the fines can add up for schools and how important it is to act within compliance and be a reputable and reliable school for students.

I learned that building strong relationships between the financial aid office and other campus departments is key to promoting understanding and appreciation for the importance of Title IV compliance. When institutions embrace a team-based approach, they set themselves up for long-term success.

I have learned that there are many reasons a school may be selected for an audit or Federal Program Review.  Audits and reviews are designed to evaluate compliance and identify problems.  That’s why it’s helpful for staff to have a plan in place.  

I have learned that it is essential to adhere to the laws and regulations governing Financial Aid. Even if incorrect guidance is provided by an inexperienced Department of Education representative, the institution remains responsible for any resulting errors.

I developed a clearer understanding of the penalties that institutions may incur for noncompliance with Federal Student Aid program regulations.  Maintaining current training and demonstrating strong attention to detail are essential for ensuring ongoing compliance.