The purpose of the audit is to determine whether Federal Student Aid has adequate processes (1) for students who withdrew because of the coronavirus pandemic, to waive the return of Title IV (R2T4) requirements, cancel Direct Loans received during the payment period, and exclude Pell Grants received during the payment period from Federal Pell lifetime usage; and (2) for schools to report the number and amounts of R2T4 waivers applied.
The objective of our review is to determine the Department’s progress on spending program administration funds authorized by coronavirus response and relief laws, including how those funds have been used to date and the Department’s plans for using remaining funds.
The Office of Inspector General, Office of Inspections, is conducting an inspection of indoor air quality in the unrenovated space at the GSA Headquarters Building. Our objectives are to assess the potential impact of building occupancy in Wings 0 and 3 of the Headquarters Building on indoor air quality, ventilation, filtration, and circulation test results, and; to identify any actions GSA has taken, is taking, or plans to take, in implementing Centers for Disease Control and Prevention and other guidance for a safe work environment to mitigate risks in these unrenovated areas.
The focus of this audit is to determine whether GSA's Public Buildings Service (PBS) has taken appropriate steps during the COVID-19 pandemic to ensure that indoor air quality in GSA-controlled facilities meets applicable federal and industry standards. Our audit objectives are to determine whether PBS has (1) implemented Centers for Disease Control and Prevention and Occupational Safety and Health Administration guidance to mitigate and prevent the spread of COVID-19 in GSA-owned facilities, and (2) adhered to federally adopted industry standards for acceptable indoor air quality.
University of Cincinnati’s Use of Higher Education Emergency Relief Fund Student Aid and Institutional Grants
Evaluation of the Federal Reserve System’s Loan Purchase and Administration for Its Main Street Lending Program (MSLP)
In response to the COVID-19 pandemic, the Federal Reserve System established the MSLP—composed of five different lending facilities—to facilitate lending to small and medium-sized for-profit and nonprofit organizations. Through the MSLP, the Federal Reserve Bank of Boston (FRB Boston) purchased 1,830 loans amounting to approximately $17.5 billion from lenders; the majority of these loans were purchased during the last 2 months of the program. Following the purchase of the loans, FRB Boston is now responsible for administering the loans, including assessing overall credit risk and identifying substandard loans. FRB Boston leveraged third-party vendors to support both loan purchases and loan administration. We plan to assess the MSLP’s processes for loan purchases and loan administration, including the design, implementation, and operating effectiveness of internal controls.
Evaluation of the Federal Reserve System’s Vendor Selection and Management Processes Related to the Federal Reserve Bank of New York’s Emergency Lending Programs
As part of its emergency lending program, FRB New York operated six emergency lending facilities, five of which were supported by multiple vendor contracts. FRB New York awarded some of its emergency lending program–related contracts noncompetitively because of the exigent circumstances, and other contracts pose potential conflict-of-interest risks to the System. FRB New York’s reliance on vendors highlights the importance of its monitoring of vendor performance. We plan to assess the Board’s and FRB New York’s processes related to vendor selection and management for FRB New York’s emergency lending programs.
Audit of the State of Michigan’s Administration of the Governor’s Emergency Education Relief Fund (GEER) Grant
Determine whether Michigan designed and implemented (1) awarding processes that ensured that the GEER grant was used to support local educational agencies (LEAs) and institutions of higher education (IHEs) that were most significantly impacted by the coronavirus or LEAs, IHEs, or other education-related entities within the State that were deemed essential for carrying out emergency educational services, and (2) monitoring processes to ensure that subgrantees used GEER grant funds in accordance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act and other applicable Federal requirements.
Review of Local Educational Agencies’ Use of Elementary and Secondary School Emergency Relief Funds for Technology
The review will cover selected LEAs’ experience with purchasing technology to continue students’ instruction as schools closed and reopened in response to the Coronavirus pandemic. The review will include a survey to obtain information regarding the types of technology purchased, the impact the technology had on student learning, and the challenges LEAs faced related to the purchase and maintenance of that technology.
Audit of the Office of Postsecondary Education’s Oversight of Higher Education Emergency Relief Grant Funds
The purpose of the audit is to determine whether the Office of Postsecondary Education (OPE) has an adequate process in place to ensure that grantees use Higher Education Emergency Relief Fund (HEERF) grant funds appropriately and performance goals are met.