The institution is in compliance with its program responsibilities under Title IV of the most recent Higher Education Act as amended. In reviewing the institution’s compliance with these programs responsibilities, the Commission relies on documentation forwarded to it by the U. S. Department of Education.


Compliance Judgment:  In compliance

Narrative

East Carolina University (hereafter, ECU or the institution) is in good standing with the United States Department of Education Title IV programs.  There are no existing conditions with the institution’s Title IV programs.  The University has not been placed on the reimbursement method, nor has it been required to obtain a letter of credit in favor of the Department of Education. There are no unresolved complaints filed with the Department of Education. The institution received a “finding free” program review by the Department of Education (Expedited Final Program Review) in its most recent (March 2010) review.

The North Carolina Office of the State Auditor (NCOSA) is responsible for auditing the financial statements for all North Carolina state agencies, including East Carolina University. In addition to providing an opinion on the financial statements, the NCOSA also provides a report on internal control over financial reporting and compliance with rules and regulations as required by Government Auditing Standards.  The NCOSA also audits the institution’s financial aid programs according to the requirements of the Single Audit Act of 1996 and the provisions of the OMB Circular A-133, Audits of States, Local Governments, etc. Each year, the NCOSA issues a comprehensive Single Audit Report for North Carolina. Any audit findings that pertain to East Carolina University in the Single Audit Report are also included in the NCOSA financial statement audit report.

ECU is a constituent institution of the University of North Carolina, a single system governed by the Board of Governors (BOG) of the University of North Carolina.   In accordance with North Carolina General Statute 116-11, the BOG is responsible for the general determination, control, supervision, management, and governance of all affairs of the University’s 17 constituent institutions, including ECU. 

As required by the UNC System, the East Carolina Office of Internal Audit follows up on all NCOSA audit findings and issues a report to the UNC Office of the President and the NCOSA as to whether all audit findings have been satisfactorily resolved or whether satisfactory progress has been made.  The institution’s response to NCOSA audit findings is included in the NCOSA’s audit report.  The ECU annual financial statement audit for fiscal years 2010-2011, 2009-2010, and 2008-2009 had no findings related to the Federal Title IV programs.  The Single Audit Report for North Carolina fiscal years 2010-2011, 2009-2010 and 2008-2009 had no findings related to the institution's Federal Title IV programs.

East Carolina University receives federal financial aid funds via electronic transfer and has not been obligated to post a letter of credit on behalf of the U.S. Department of Education.  FISAP reports for 2007-08, 2008-09, and 2009-10 as well as the Program Participation Agreement and the Eligibility and Certification Approval Report: Action Date 3/7/12 can be found in the accompanying documentation. Moreover, ECU has been notified by the Secretary of Education that it is an HEA “eligible institution” and will be listed in the next edition of the Directory of Postsecondary Institutions published by the U.S. Department of Education (Eligibility and Certification Approval Report: Action Date 3/21/12).

The East Carolina University Cohort Default Rate (CDR) is as follows: 

FY 2006 CDR = 1.2 %

FY 2007 CDR = 2.1%

FY 2008 CDR = 2.2%

FY 2009 CDR = 2.0%

 
The national CDR in 2008 was 7.0, so East Carolina University is below that national average.

In summary, East Carolina University is in compliance with its program responsibilities under Title IV of the most recent Higher Education Act as amended.


Documentation

Reference Title

Location

Annual Financial Statement Audit for Fiscal Year 2008-2009

FIN-2009-6065

Annual Financial Statement Audit for Fiscal Year 2009-2010

FIN-2010-6065

Annual Financial Statement Audit for Fiscal Year 2010-2011

FIN-2011-6065

Department of Education (Expedited Final Program Review)

 

Expedited Final Program Review

East Carolina University Cohort Default Rate

School Default Rates

Eligibility and Certification Approval Report: Action Date 3/7/2012

UNITED STATES DEPARTMENT OF EDUCATION

Eligibility and Certification Approval Report: Action Date 3/21/2012

Approval Letter_ East Carolina University - 00292300

FISAP Report, 2007-08

FISAP July 1, 2007 through June 30, 2008

FISAP Report, 2008-09

FISAP July 1, 2008 through June 30, 2009

FISAP Report, 2009-10

FISAP July 1, 2009 through June 30, 2010

North Carolina General Statute 116-11

NCGS 116-11

Program Participation Agreement

PPA_ OPE ID 00292300_ PPA Expiration Date 12-31-2017

Single Audit Report for North Carolina,2008-2009

FIN-2009-6065

Single Audit Report for North Carolina, 2009-2010

FIN-2010-6065

Single Audit Report for North Carolina, 2010-2011

FIN-2011-8730