If the school comments on the findings, those comments are included in the draft audit report. The draft audit report, which explains the scope of the audit and any proposed disallowances, is then provided to the State Education Department, HESC and the school. After reviewing the responses from the State Education Department and HESC to the draft audit report, and any school comments, OSC issues a final audit report . If there are disallowances in the final report, HESC sends a final demand letter to the school, seeking payment of the total audit disallowance amount within 30 days. If payment is not made within 30 days of the school's receipt of HESC's final demand letter, the law requires the imposition of interest on the total audit disallowance.
Schools receive a confirmation letter when the amount owed has been paid in full.
Recently, HESC reviewed and analyzed TAP audits conducted during the last two years. A student must maintain good academic standing to be eligible to receive a TAP award. To maintain good academic standing, a student must make satisfactory academic progress toward completion of a program, and pursue the program of study in which he or she is enrolled. For a complete description of Good Academic Standing and Program Pursuit, refer to Chapter 3 and Appendix C of Programs, Policies and Procedures - Guide to Grant and Scholarship Programs . A student is pursuing the program of study if, during each term of study for which an award is received, the student receives a passing or failing grade in a predetermined percentage of the minimum full-time course load based on the student's TAP payment level.