Audit 17285

FY End
2022-06-30
Total Expended
$967.12M
Findings
14
Programs
15
Organization: Liberty University, Inc. (VA)
Year: 2022 Accepted: 2022-12-18
Auditor: Bdo USA LLP

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
12568 2022-003 - Yes N
12569 2022-003 - Yes N
12570 2022-004 - - C
12571 2022-003 - Yes N
12572 2022-003 - Yes N
12573 2022-003 - Yes N
12574 2022-003 - Yes N
589010 2022-003 - Yes N
589011 2022-003 - Yes N
589012 2022-004 - - C
589013 2022-003 - Yes N
589014 2022-003 - Yes N
589015 2022-003 - Yes N
589016 2022-003 - Yes N

Contacts

Name Title Type
CK9CNLPNKLK5 Tracy Price Auditee
4345927882 Michael Dannar Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Expenditures for the federal student financial assistance program are recognized as incurred and include grants to students under the Federal Pell Grant and Federal Supplemental Educational Opportunity Grant Programs, the federal portion of student earnings under the Federal Work Study Program, and administrative cost allowances, where applicable. The Schedule includes the loan disbursements related to the Universitys participation in the Federal Direct Loan Program, which are not included in the basic consolidated financial statements of the University, as these loans are made by the U.S. Department of Education. The amount disbursed during the year ended June 30, 2022 under the Programs was $790,851,744. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Liberty University, Inc. (the University) under the programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). All federal awards received directly and indirectly from federal agencies are included in this Schedule. All awards were direct awards and in cash form. No amounts were disbursed to subrecipients. Although the University is required to match certain amounts, as defined in the grants, no such matching has been included in this Schedule. Because the Schedule presents only a selected portion of the operations of the University, it is not intended to and does not present the financial position, changes in net assets or cash flows of the University.
Title: Federal Direct Loan Program Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Expenditures for the federal student financial assistance program are recognized as incurred and include grants to students under the Federal Pell Grant and Federal Supplemental Educational Opportunity Grant Programs, the federal portion of student earnings under the Federal Work Study Program, and administrative cost allowances, where applicable. The Schedule includes the loan disbursements related to the Universitys participation in the Federal Direct Loan Program, which are not included in the basic consolidated financial statements of the University, as these loans are made by the U.S. Department of Education. The amount disbursed during the year ended June 30, 2022 under the Programs was $790,851,744. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. As a major source for federal student assistance, the Federal Direct Loan Program (the Program) provides loans to eligible borrowers to cover post-secondary education costs. The Program uses loan capital the federal government provides, requires only one aid-application (the Free Application for Federal Student Aid), and makes loans available directly through participating schools rather than through private lenders and guaranty agencies. The Program includes the Federal Subsidized Loan, the Federal Unsubsidized Loan, and the Federal PLUS Loan. The University is responsible only for the performance of certain administrative functions with respect to the Programs and, accordingly, these loans are not included in its basic consolidated financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the University under the Program at June 30, 2022.

Finding Details

Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Federal Work-Study Program (ALN: 84.033) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): C. Cash Management ? Institutions are permitted to draw down Title IV funds prior to disbursing funds to eligible students and parents. The institution?s request must not exceed the amount immediately needed to disburse funds to students or parents. A disbursement of funds occurs on the date an institution credits a student?s account or pays a student or parent directly with either student financial aid funds or institutional funds. The institution must make the disbursements as soon as administratively feasible, but no later than 3 business days following the receipt of funds. Any amounts not disbursed by the end of the third business day are considered to be excess cash and generally are required to be promptly returned to the U.S. Department of Education (the ?ED?) (34 CFR section 668.166(a)(1)). Excess cash includes any funds received from the ED that are deposited or transferred to the institution?s Federal account as a result of an award adjustment, cancellation, or recovery. However, an excess cash balance tolerance is allowed if that balance: (1) is less than one percent of its prior-year drawdowns; and (2) is eliminated within the next 7 calendar days (34 CFR sections 668.166(a) and (b)). Condition: There were two instances during the year where funds drawn were held in excess of the allowable time frame. Cause: Administrative oversight with respect to Cash Management compliance requirements. Effect or Potential Effect: The University is not in compliance with Cash Management compliance requirements. Questioned Costs: None. Context: There were two instances during the year where funds drawn were held in excess of the allowable time frame. Identification as a Repeat Finding: No similar findings noted in the prior year. Recommendation: We recommend that the University enhance its procedures to ensure that excess cash balances are eliminated timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Federal Work-Study Program (ALN: 84.033) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): C. Cash Management ? Institutions are permitted to draw down Title IV funds prior to disbursing funds to eligible students and parents. The institution?s request must not exceed the amount immediately needed to disburse funds to students or parents. A disbursement of funds occurs on the date an institution credits a student?s account or pays a student or parent directly with either student financial aid funds or institutional funds. The institution must make the disbursements as soon as administratively feasible, but no later than 3 business days following the receipt of funds. Any amounts not disbursed by the end of the third business day are considered to be excess cash and generally are required to be promptly returned to the U.S. Department of Education (the ?ED?) (34 CFR section 668.166(a)(1)). Excess cash includes any funds received from the ED that are deposited or transferred to the institution?s Federal account as a result of an award adjustment, cancellation, or recovery. However, an excess cash balance tolerance is allowed if that balance: (1) is less than one percent of its prior-year drawdowns; and (2) is eliminated within the next 7 calendar days (34 CFR sections 668.166(a) and (b)). Condition: There were two instances during the year where funds drawn were held in excess of the allowable time frame. Cause: Administrative oversight with respect to Cash Management compliance requirements. Effect or Potential Effect: The University is not in compliance with Cash Management compliance requirements. Questioned Costs: None. Context: There were two instances during the year where funds drawn were held in excess of the allowable time frame. Identification as a Repeat Finding: No similar findings noted in the prior year. Recommendation: We recommend that the University enhance its procedures to ensure that excess cash balances are eliminated timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.
Federal Program Information: Student Financial Assistance Cluster (ALN: Various) Criteria or Specific Requirement (Including Statutory, Regulatory or Other Citation): N. Enrollment Reporting ? The University is required to update students? statuses on the National Student Loans Data System (?NSLDS?) website if they graduate, withdraw or drop to less than half-time status during the fiscal year within 30 days of the date the University becomes aware of the change in enrollment status. Additionally, institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. As with any school/servicer arrangement for the administration of the Title IV programs, if the school uses a third party to meet the NSLDS enrollment reporting requirements, it is the school that must ensure that enrollment information is submitted timely, accurately, and completely. According to the Federal Student Aid Handbook, schools are required to certify enrollment for all students who are included on their roster file scheduled at least every two months, and within 15 days of the date that NSLDS sends a roster file to the school or its third-party servicer. Any errors identified and returned by NSLDS in an Error/Acknowledgement file should be corrected and resubmitted within 10 days. Condition: For a certain student whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, the University?s fiscal year SCHER1 report, included multiple instances in which error records were not corrected within the required timeframe. Cause: Lack of administrative oversight with respect to enrollment reporting compliance requirements. Effect or Potential Effect: The University is not in compliance with enrollment reporting compliance requirements. Questioned Costs: None. Context: For 1 of 40 students sampled whose status changed during the year, the University failed to submit a timely notification to the NSLDS website. Additionally, error records identified in Error/Acknowledgment files were not corrected within the required timeframe, resulting in multiple errors during the 2022 fiscal year. Identification as a Repeat Finding: This is a repeat finding from prior year. This was reported as Finding 2021-001 in the prior year schedule of findings and questioned costs. Recommendation: We recommend that the University implement procedures to ensure that that all status changes are submitted to the NSLDS website within the required timeframe and that error records are corrected and submitted timely.