Audit 24446

See Schedule of Findings and Questioned Costs for chart/table 2022-001: Student Financial Aid Cluster - Special Tests: Enrollment Reporting Condition: Of the 12 students tested for Campus Level Enrollment Reporting, we noted two instances where the student?s status change was not properly reported for the semester selected for testing. Criteria: Per 2.3.1 of the National Student Loan Data System Enrollment Reporting Guide, ??schools are required to report all Title IV aid recipients? enrollment at the program level in addition to the campus level.? Per 4.4.2 of the National Student Loan Data System Enrollment Reporting Guide, ?The implementation of the 150% subsidized loan limit makes the reporting of a Withdrawn `W? or Graduated `G? status even more critical. The completion of a program protects the student?s interest subsidy. A withdrawal indicates that the program was not completed or that the student is not currently taking coursework in the program. The effective date for a withdrawn (`W? status) is the last date the student attended any classes or otherwise was engaged in an academically related activity at the school or in the program. The effective date for the completion/graduation (`G? status) is the date that the school assigns to the completion/graduation and can be either the same as the effective date of a previously reported `W? or sometime after that date.? Per 1.5 of the National Student Loan Data System Enrollment Reporting Guide, ?At a minimum, schools are required to certify enrollment for all Title IV aid recipients every 60 days. Timely reporting of changes ensures the accuracy of student information.? Questioned costs: $0 Effect: Improper reporting of student status changes could impact students? interest subsidy and/or repayment status. Cause: The Student Financial Aid Office and Records and Registration do not have controls in place to ensure proper and timely reporting of student status changes for all students who begin the semester. Recommendation: The Student Financial Aid Office and Records and Registration should implement controls to ensure proper and timely reporting of student enrollment as well as any and all student status changes. Upon the implementation of an effective reporting control process, we recommend the College implement monitoring controls over its third-party servicer (i.e., obtain and review its SOC 1 report). Views of responsible officials and planned corrective actions: Management concurs with the finding. See Exhibit I.

See Schedule of Findings and Questioned Costs for chart/table 2022-001: Student Financial Aid Cluster - Special Tests: Enrollment Reporting Condition: Of the 12 students tested for Campus Level Enrollment Reporting, we noted two instances where the student?s status change was not properly reported for the semester selected for testing. Criteria: Per 2.3.1 of the National Student Loan Data System Enrollment Reporting Guide, ??schools are required to report all Title IV aid recipients? enrollment at the program level in addition to the campus level.? Per 4.4.2 of the National Student Loan Data System Enrollment Reporting Guide, ?The implementation of the 150% subsidized loan limit makes the reporting of a Withdrawn `W? or Graduated `G? status even more critical. The completion of a program protects the student?s interest subsidy. A withdrawal indicates that the program was not completed or that the student is not currently taking coursework in the program. The effective date for a withdrawn (`W? status) is the last date the student attended any classes or otherwise was engaged in an academically related activity at the school or in the program. The effective date for the completion/graduation (`G? status) is the date that the school assigns to the completion/graduation and can be either the same as the effective date of a previously reported `W? or sometime after that date.? Per 1.5 of the National Student Loan Data System Enrollment Reporting Guide, ?At a minimum, schools are required to certify enrollment for all Title IV aid recipients every 60 days. Timely reporting of changes ensures the accuracy of student information.? Questioned costs: $0 Effect: Improper reporting of student status changes could impact students? interest subsidy and/or repayment status. Cause: The Student Financial Aid Office and Records and Registration do not have controls in place to ensure proper and timely reporting of student status changes for all students who begin the semester. Recommendation: The Student Financial Aid Office and Records and Registration should implement controls to ensure proper and timely reporting of student enrollment as well as any and all student status changes. Upon the implementation of an effective reporting control process, we recommend the College implement monitoring controls over its third-party servicer (i.e., obtain and review its SOC 1 report). Views of responsible officials and planned corrective actions: Management concurs with the finding. See Exhibit I.

See Schedule of Findings and Questioned Costs for chart/table 2022-001: Student Financial Aid Cluster - Special Tests: Enrollment Reporting Condition: Of the 12 students tested for Campus Level Enrollment Reporting, we noted two instances where the student?s status change was not properly reported for the semester selected for testing. Criteria: Per 2.3.1 of the National Student Loan Data System Enrollment Reporting Guide, ??schools are required to report all Title IV aid recipients? enrollment at the program level in addition to the campus level.? Per 4.4.2 of the National Student Loan Data System Enrollment Reporting Guide, ?The implementation of the 150% subsidized loan limit makes the reporting of a Withdrawn `W? or Graduated `G? status even more critical. The completion of a program protects the student?s interest subsidy. A withdrawal indicates that the program was not completed or that the student is not currently taking coursework in the program. The effective date for a withdrawn (`W? status) is the last date the student attended any classes or otherwise was engaged in an academically related activity at the school or in the program. The effective date for the completion/graduation (`G? status) is the date that the school assigns to the completion/graduation and can be either the same as the effective date of a previously reported `W? or sometime after that date.? Per 1.5 of the National Student Loan Data System Enrollment Reporting Guide, ?At a minimum, schools are required to certify enrollment for all Title IV aid recipients every 60 days. Timely reporting of changes ensures the accuracy of student information.? Questioned costs: $0 Effect: Improper reporting of student status changes could impact students? interest subsidy and/or repayment status. Cause: The Student Financial Aid Office and Records and Registration do not have controls in place to ensure proper and timely reporting of student status changes for all students who begin the semester. Recommendation: The Student Financial Aid Office and Records and Registration should implement controls to ensure proper and timely reporting of student enrollment as well as any and all student status changes. Upon the implementation of an effective reporting control process, we recommend the College implement monitoring controls over its third-party servicer (i.e., obtain and review its SOC 1 report). Views of responsible officials and planned corrective actions: Management concurs with the finding. See Exhibit I.

See Schedule of Findings and Questioned Costs for chart/table 2022-001: Student Financial Aid Cluster - Special Tests: Enrollment Reporting Condition: Of the 12 students tested for Campus Level Enrollment Reporting, we noted two instances where the student?s status change was not properly reported for the semester selected for testing. Criteria: Per 2.3.1 of the National Student Loan Data System Enrollment Reporting Guide, ??schools are required to report all Title IV aid recipients? enrollment at the program level in addition to the campus level.? Per 4.4.2 of the National Student Loan Data System Enrollment Reporting Guide, ?The implementation of the 150% subsidized loan limit makes the reporting of a Withdrawn `W? or Graduated `G? status even more critical. The completion of a program protects the student?s interest subsidy. A withdrawal indicates that the program was not completed or that the student is not currently taking coursework in the program. The effective date for a withdrawn (`W? status) is the last date the student attended any classes or otherwise was engaged in an academically related activity at the school or in the program. The effective date for the completion/graduation (`G? status) is the date that the school assigns to the completion/graduation and can be either the same as the effective date of a previously reported `W? or sometime after that date.? Per 1.5 of the National Student Loan Data System Enrollment Reporting Guide, ?At a minimum, schools are required to certify enrollment for all Title IV aid recipients every 60 days. Timely reporting of changes ensures the accuracy of student information.? Questioned costs: $0 Effect: Improper reporting of student status changes could impact students? interest subsidy and/or repayment status. Cause: The Student Financial Aid Office and Records and Registration do not have controls in place to ensure proper and timely reporting of student status changes for all students who begin the semester. Recommendation: The Student Financial Aid Office and Records and Registration should implement controls to ensure proper and timely reporting of student enrollment as well as any and all student status changes. Upon the implementation of an effective reporting control process, we recommend the College implement monitoring controls over its third-party servicer (i.e., obtain and review its SOC 1 report). Views of responsible officials and planned corrective actions: Management concurs with the finding. See Exhibit I.