Federal Requirement 4.7

 

The institution is in compliance with its program responsibilities under Title IV of the 1998 Higher Educator Amendments. (Title IV Program Responsibilities)

 

COMPLIANCE

 

Narrative:

 

Vernon College is in compliance with its program responsibilities under Title IV Programs as stated in the Eligibility and Certification Report and the Program Participation Agreement. The approval to administer Title IV aid is effective through March 31, 2013. The College receives funds for the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Academic Competitiveness Grant, Federal Work Study, and the Federal Family Educational Loan Programs [Federal Subsidized and Unsubsidized Stafford Loans and the Parent Loans for Undergraduate Students.

 

The Title IV programs are audited each year by independent Certified Public Accountants under the Single Audit Act. The College’s last audits for the Title IV programs have met the federal requirements. The 2007 Vernon College Annual Audit was completed in November 2007 with no findings.

 

Documentation

 

1.  2007 Vernon College Annual Audit

2.  Eligibility and Certification Report, US Department of Education

3.  Financial Aid Eligibility and Certification Approval Report