Compliance Certification Report

4.7
The institution is in compliance with its program responsibilities under Title IV of the 1998 Higher Education Amendments. (In reviewing the institution's compliance with these program responsibilities, the Commission relies on documentation forwarded to it by the U.S. Secretary of Education.) (Title IV Program Responsibilities)
√ Compliant
Partially Compliant
Non-Compliant
Narrative:
The University of Texas Medical Branch at Galveston is in compliance with its program responsibilities under Title IV of the 1998 Higher Education Amendments as supported by the state audit report of August 31, 2003 (1). This audit of the institutionís financial aid programs reveals no issues of noncompliance. 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. 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 Aid 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 statewide audit in 2003.

There are no outstanding issues between the Department of Education and UTMB with regard to the administration of the Title IV programs and no known complaints have been filed with the Department regarding UTMBís administration of Title IV. UTMBís current participation agreement is valid through September 30, 2009. The institution submits the Fiscal Operations Report and Application to Participate report to the Department 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 Department of Education.

There are no significant unpaid dollar amounts due back to the Department 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 1.2% for fiscal year 2004. For the Federal Perkins Loan program, our default rate is 3.25% as reported on the Fiscal Operations Report for 2005 (see line 8).
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Source
1
UTMB Fiscal Operations Report for 2005, Part III, Federal Perkins Loan Program, Item No. 8
http://www.utmb.edu/utmbreports/