Audit 292012

FY End
2023-06-30
Total Expended
$13.49M
Findings
8
Programs
11
Organization: Bloomfield College (NJ)
Year: 2023 Accepted: 2024-02-24

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
370428 2023-001 Significant Deficiency Yes N
370429 2023-001 Significant Deficiency Yes N
370430 2023-002 Significant Deficiency - L
370431 2023-002 Significant Deficiency - L
946870 2023-001 Significant Deficiency Yes N
946871 2023-001 Significant Deficiency Yes N
946872 2023-002 Significant Deficiency - L
946873 2023-002 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $6.91M Yes 2
84.063 Federal Pell Grant Program $4.43M Yes 2
84.042 Trio_student Support Services $293,898 - 0
84.031 Higher Education_institutional Aid $278,075 - 0
84.007 Federal Supplemental Educational Opportunity Grants $269,847 Yes 0
84.217 Trio_mcnair Post-Baccalaureate Achievement $258,577 - 0
84.425 Education Stabilization Fund $146,098 - 0
84.033 Federal Work-Study Program $141,734 Yes 0
47.076 Education and Human Resources $57,772 - 0
84.382 Strengthening Minority-Serving Institutions $54,226 - 0
93.279 Drug Abuse and Addiction Research Programs $42,948 - 0

Contacts

Name Title Type
YZBHKVM6C1C9 Larissia Crosby Auditee
9736553629 Mike Ryan Auditor
No contacts on file

Notes to SEFA

Title: NOTE 2 - FEDERAL AND STATE OF NEW JERSEY LOAN PROGRAMS Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). The accompanying schedule of expenditures of State of New Jersey awards has been prepared in accordance with the requirements of the State of New Jersey Department of Treasury Circular 2015-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. The purpose of these schedules is to present the respective expenditures of federal and state programs, under the accrual basis of accounting, of Bloomfield College (the “College”) for the year ended June 30, 2023. For purposes of the respective schedules, federal and State of New Jersey awards include any assistance provided by a federal or state agency directly or indirectly in the form of grants, contracts, cooperative agreements, direct appropriations, loan and loan guarantees, or other noncash assistance. Because the schedules present only a selected portion of the activities of the College, they are not intended to, and do not, present either the financial position of the College at June 30, 2023 or its changes in net assets or cash flows for the year then ended. Accordingly, some amounts presented in the respective schedules may differ from amounts presented in, or used in the preparation of, the College’s June 30, 2023 financial statements. De Minimis Rate Used: N Rate Explanation: The College utilizes a negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate, as provided by §200.414 Indirect Cost (F&A) of the Uniform Guidance. The College participates in the Federal Direct Student Loans Program, including Federal Direct Loans and Federal PLUS Loans (PLUS), and the New Jersey College Loans to Assist State Student Program. The dollar amounts are listed in the schedule of expenditures of federal awards and State of New Jersey awards, respectively. Although the College is not the primary beneficiary of the funds the College is responsible for the performance of certain administrative duties related to the funds. Such programs are considered a component of the student financial assistance cluster, however, it is not practical to determine the balance of loans outstanding for students of the College under these programs at June 30, 2023. New federal loans processed for students during the year ended June 30, 2023 were as follows: Federal Direct Student Loans: Subsidized $2,909,450, Unsubsidized $2,485,583, PLUS Loans $1,511,376 for a Total of Federal Direct Student Loans of $6,906,409.

Finding Details

Special Tests and Provisions - Enrollment Reporting Compliance and Internal Control (Significant Deficiency) U.S. Department of Education - Student Financial Assistance Cluster Federal Direct Student Loans (Federal Assistance Listing #84.268) Federal Award Number: P268K231804 Federal Pell Grant Program (Federal Assistance Listing #84.063) Federal Award Number: P063P221804 Federal Award Year: 2022-2023 Criteria and Context: Under the Pell grant and U.S. Department of Education (“ED”) direct loan programs, institutions are required to report enrollment information via the National Students Loan Data System (“NSLDS”) (OMB No.18450035) (Pell, 34 CFR 690.83(b)(2); Direct Loan, 34 CFR 685.309). The administration of the Title IV programs depends on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and verify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. The data on the institution’s Enrollment Reporting Roster, or Enrollment Maintenance page, is what NSLDS has as the most recently certified enrollment information. There are two categories of enrollment information; “Campus Level” and “Program Level,” both of which need to be reported accurately and have separate record types. The NSLDS enrollment Reporting Guide provides the requirements and guidance for reporting enrollment details using the NSLDS Enrollment Reporting Process. Institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002) mailboxes sent by ED via NSLDS. An institution determines how often it receives the Enrollment Reporting roster file with the default set at a minimum of every 60 days. Once received, the institution must update for changes in the data elements for the Campus Record and the Program Record identified above, and submit the changes electronically through the batch method, spreadsheet submittal, or the NSLDS website (Pell, 34 CFR 690.83(b)(2); Direct Loan, 34 CFR 685.309). Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. A student’s enrollment status determines eligibility for in-school status, deferment, and grace periods. Enrollment Reporting in a timely and accurate manner is critical for effective management of the programs. Enrollment information must be reported within 30 days whenever attendance changes for students, unless a roster will be submitted within 60 days. These changes include reductions or increases in attendance levels, withdrawals, graduations, or approved leaves-of-absence. Institutions are also responsible for accurately reporting the following significant data elements under the Program-Level Record: OPEID, CIP Code, CIP Year, Credential Level, Published Program Length Measurement, Published Program Length, Program Begin Date, Program Enrollment Status, and Program Enrollment Effective Date. Condition and Sample Method: From a non-statistical sample of forty (40) students tested who graduated or withdrew during the year, we identified three (3) students whose withdrawal statuses were reported to the NSLDS more than 60 days after the students’ respective withdrawal dates (ranging from 75 to 78 days late). In addition, due to an inconsistency between the College’s and NSLDS’s approach to calculating program lengths, we identified all forty (40) students had Published Program Length Measurements and Published Program Lengths that were inaccurately reported. Cause: While the College has established policies and procedures to ensure that the required reports are accurately completed and submitted on a timely basis to the NSLDS, we noted oversight on the timely reporting for three (3) withdrawn students. This resulted in the College missing the 60-day timing requirement for NSLDS reporting and resulted in the non-compliance noted. The NSLDS Enrollment Reporting Guide provides a caution that institutions should report associate and bachelor degree programs in years and not months. When program length is reported in months or weeks, NSLDS uses this value along with the Weeks in Title IV Academic Year value to calculate a length in years. This resulted in program lengths that are shown in the NSLDS system as being longer in years than the actual program length. Effect: There is a delay in the NSLDS obtaining the required information regarding the enrollment status changes of students. The accuracy of the Published Program Length Measurement and Published Program Length in Years were inaccurately reported to the NSLDS for the forty (40) students selected for testing. Questioned Costs: None identified. Identified as a Repeat Finding: Yes. Recommendation: The College should strengthen policies and procedures to ensure that student status transmission reports are submitted accurately to the NSLDS at least every 60 days, or more often, as determined to be appropriate. The College should also ensure that student Published Program Length Measurements are listed in years and that the Published Program Lengths are calculated in years as recommended by the NSLDS Enrollment Reporting Guide so that the Published Program Length calculation is accurate to the true length of the program for each student.
Special Tests and Provisions - Enrollment Reporting Compliance and Internal Control (Significant Deficiency) U.S. Department of Education - Student Financial Assistance Cluster Federal Direct Student Loans (Federal Assistance Listing #84.268) Federal Award Number: P268K231804 Federal Pell Grant Program (Federal Assistance Listing #84.063) Federal Award Number: P063P221804 Federal Award Year: 2022-2023 Criteria and Context: Under the Pell grant and U.S. Department of Education (“ED”) direct loan programs, institutions are required to report enrollment information via the National Students Loan Data System (“NSLDS”) (OMB No.18450035) (Pell, 34 CFR 690.83(b)(2); Direct Loan, 34 CFR 685.309). The administration of the Title IV programs depends on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and verify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. The data on the institution’s Enrollment Reporting Roster, or Enrollment Maintenance page, is what NSLDS has as the most recently certified enrollment information. There are two categories of enrollment information; “Campus Level” and “Program Level,” both of which need to be reported accurately and have separate record types. The NSLDS enrollment Reporting Guide provides the requirements and guidance for reporting enrollment details using the NSLDS Enrollment Reporting Process. Institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002) mailboxes sent by ED via NSLDS. An institution determines how often it receives the Enrollment Reporting roster file with the default set at a minimum of every 60 days. Once received, the institution must update for changes in the data elements for the Campus Record and the Program Record identified above, and submit the changes electronically through the batch method, spreadsheet submittal, or the NSLDS website (Pell, 34 CFR 690.83(b)(2); Direct Loan, 34 CFR 685.309). Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. A student’s enrollment status determines eligibility for in-school status, deferment, and grace periods. Enrollment Reporting in a timely and accurate manner is critical for effective management of the programs. Enrollment information must be reported within 30 days whenever attendance changes for students, unless a roster will be submitted within 60 days. These changes include reductions or increases in attendance levels, withdrawals, graduations, or approved leaves-of-absence. Institutions are also responsible for accurately reporting the following significant data elements under the Program-Level Record: OPEID, CIP Code, CIP Year, Credential Level, Published Program Length Measurement, Published Program Length, Program Begin Date, Program Enrollment Status, and Program Enrollment Effective Date. Condition and Sample Method: From a non-statistical sample of forty (40) students tested who graduated or withdrew during the year, we identified three (3) students whose withdrawal statuses were reported to the NSLDS more than 60 days after the students’ respective withdrawal dates (ranging from 75 to 78 days late). In addition, due to an inconsistency between the College’s and NSLDS’s approach to calculating program lengths, we identified all forty (40) students had Published Program Length Measurements and Published Program Lengths that were inaccurately reported. Cause: While the College has established policies and procedures to ensure that the required reports are accurately completed and submitted on a timely basis to the NSLDS, we noted oversight on the timely reporting for three (3) withdrawn students. This resulted in the College missing the 60-day timing requirement for NSLDS reporting and resulted in the non-compliance noted. The NSLDS Enrollment Reporting Guide provides a caution that institutions should report associate and bachelor degree programs in years and not months. When program length is reported in months or weeks, NSLDS uses this value along with the Weeks in Title IV Academic Year value to calculate a length in years. This resulted in program lengths that are shown in the NSLDS system as being longer in years than the actual program length. Effect: There is a delay in the NSLDS obtaining the required information regarding the enrollment status changes of students. The accuracy of the Published Program Length Measurement and Published Program Length in Years were inaccurately reported to the NSLDS for the forty (40) students selected for testing. Questioned Costs: None identified. Identified as a Repeat Finding: Yes. Recommendation: The College should strengthen policies and procedures to ensure that student status transmission reports are submitted accurately to the NSLDS at least every 60 days, or more often, as determined to be appropriate. The College should also ensure that student Published Program Length Measurements are listed in years and that the Published Program Lengths are calculated in years as recommended by the NSLDS Enrollment Reporting Guide so that the Published Program Length calculation is accurate to the true length of the program for each student.
Reporting - Direct Loan and Pell Common Origination and Disbursement (“COD”) Compliance and Internal Control (Significant Deficiency) U.S. Department of Education - Student Financial Assistance Cluster Federal Direct Student Loans (Federal Assistance Listing #84.268) Federal Award Number: P268K231804 Federal Pell Grant Program (Federal Assistance Listing #84.063) Federal Award Number: P063P221804 Federal Award Year: 2022-2023 Criteria and Context: Pursuant to Federal Register Volume 87, Number 105, an institution must submit Pell Grant and Direct Loan disbursement records to the Common Origination and Disbursement (“COD”) system no later than 15 days after making the disbursement or becoming aware of the need to adjust a previously reported disbursement. In accordance with 34 CFR 668.164(a), Title IV program funds are disbursed on the date that the institution: (a) credits those funds to a student’s account in the institution’s general ledger or any subledger of the general ledger; or (b) pays those funds to a student directly. Title IV program funds are disbursed even if an institution uses its own funds in advance of receiving program funds from the Department of Education. Condition and Sample Method: From a non-statistical sample of forty (40) students selected for COD reporting testing, we identified one (1) student whose Direct Loans or Pell disbursement record was submitted to the COD more than 15 days after the award was disbursed to the student. Cause and Effect: While the College had certain procedures in place to monitor the submission of the disbursement records, such procedures were not consistently performed on a timely basis, and therefore were not adequate to ensure that each record was submitted within the required timeframe, causing the late submission of certain disbursement records. Questioned Costs: None identified. Identified as a Repeat Finding: No. Recommendation: We recommend that the College strengthen its policies and procedures to ensure that student disbursement records are submitted accurately to the COD within 15 days of disbursements being made to students’ accounts, and that the College maintain clear evidence that a secondary review is performed to verify that the submission was made timely.
Reporting - Direct Loan and Pell Common Origination and Disbursement (“COD”) Compliance and Internal Control (Significant Deficiency) U.S. Department of Education - Student Financial Assistance Cluster Federal Direct Student Loans (Federal Assistance Listing #84.268) Federal Award Number: P268K231804 Federal Pell Grant Program (Federal Assistance Listing #84.063) Federal Award Number: P063P221804 Federal Award Year: 2022-2023 Criteria and Context: Pursuant to Federal Register Volume 87, Number 105, an institution must submit Pell Grant and Direct Loan disbursement records to the Common Origination and Disbursement (“COD”) system no later than 15 days after making the disbursement or becoming aware of the need to adjust a previously reported disbursement. In accordance with 34 CFR 668.164(a), Title IV program funds are disbursed on the date that the institution: (a) credits those funds to a student’s account in the institution’s general ledger or any subledger of the general ledger; or (b) pays those funds to a student directly. Title IV program funds are disbursed even if an institution uses its own funds in advance of receiving program funds from the Department of Education. Condition and Sample Method: From a non-statistical sample of forty (40) students selected for COD reporting testing, we identified one (1) student whose Direct Loans or Pell disbursement record was submitted to the COD more than 15 days after the award was disbursed to the student. Cause and Effect: While the College had certain procedures in place to monitor the submission of the disbursement records, such procedures were not consistently performed on a timely basis, and therefore were not adequate to ensure that each record was submitted within the required timeframe, causing the late submission of certain disbursement records. Questioned Costs: None identified. Identified as a Repeat Finding: No. Recommendation: We recommend that the College strengthen its policies and procedures to ensure that student disbursement records are submitted accurately to the COD within 15 days of disbursements being made to students’ accounts, and that the College maintain clear evidence that a secondary review is performed to verify that the submission was made timely.
Special Tests and Provisions - Enrollment Reporting Compliance and Internal Control (Significant Deficiency) U.S. Department of Education - Student Financial Assistance Cluster Federal Direct Student Loans (Federal Assistance Listing #84.268) Federal Award Number: P268K231804 Federal Pell Grant Program (Federal Assistance Listing #84.063) Federal Award Number: P063P221804 Federal Award Year: 2022-2023 Criteria and Context: Under the Pell grant and U.S. Department of Education (“ED”) direct loan programs, institutions are required to report enrollment information via the National Students Loan Data System (“NSLDS”) (OMB No.18450035) (Pell, 34 CFR 690.83(b)(2); Direct Loan, 34 CFR 685.309). The administration of the Title IV programs depends on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and verify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. The data on the institution’s Enrollment Reporting Roster, or Enrollment Maintenance page, is what NSLDS has as the most recently certified enrollment information. There are two categories of enrollment information; “Campus Level” and “Program Level,” both of which need to be reported accurately and have separate record types. The NSLDS enrollment Reporting Guide provides the requirements and guidance for reporting enrollment details using the NSLDS Enrollment Reporting Process. Institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002) mailboxes sent by ED via NSLDS. An institution determines how often it receives the Enrollment Reporting roster file with the default set at a minimum of every 60 days. Once received, the institution must update for changes in the data elements for the Campus Record and the Program Record identified above, and submit the changes electronically through the batch method, spreadsheet submittal, or the NSLDS website (Pell, 34 CFR 690.83(b)(2); Direct Loan, 34 CFR 685.309). Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. A student’s enrollment status determines eligibility for in-school status, deferment, and grace periods. Enrollment Reporting in a timely and accurate manner is critical for effective management of the programs. Enrollment information must be reported within 30 days whenever attendance changes for students, unless a roster will be submitted within 60 days. These changes include reductions or increases in attendance levels, withdrawals, graduations, or approved leaves-of-absence. Institutions are also responsible for accurately reporting the following significant data elements under the Program-Level Record: OPEID, CIP Code, CIP Year, Credential Level, Published Program Length Measurement, Published Program Length, Program Begin Date, Program Enrollment Status, and Program Enrollment Effective Date. Condition and Sample Method: From a non-statistical sample of forty (40) students tested who graduated or withdrew during the year, we identified three (3) students whose withdrawal statuses were reported to the NSLDS more than 60 days after the students’ respective withdrawal dates (ranging from 75 to 78 days late). In addition, due to an inconsistency between the College’s and NSLDS’s approach to calculating program lengths, we identified all forty (40) students had Published Program Length Measurements and Published Program Lengths that were inaccurately reported. Cause: While the College has established policies and procedures to ensure that the required reports are accurately completed and submitted on a timely basis to the NSLDS, we noted oversight on the timely reporting for three (3) withdrawn students. This resulted in the College missing the 60-day timing requirement for NSLDS reporting and resulted in the non-compliance noted. The NSLDS Enrollment Reporting Guide provides a caution that institutions should report associate and bachelor degree programs in years and not months. When program length is reported in months or weeks, NSLDS uses this value along with the Weeks in Title IV Academic Year value to calculate a length in years. This resulted in program lengths that are shown in the NSLDS system as being longer in years than the actual program length. Effect: There is a delay in the NSLDS obtaining the required information regarding the enrollment status changes of students. The accuracy of the Published Program Length Measurement and Published Program Length in Years were inaccurately reported to the NSLDS for the forty (40) students selected for testing. Questioned Costs: None identified. Identified as a Repeat Finding: Yes. Recommendation: The College should strengthen policies and procedures to ensure that student status transmission reports are submitted accurately to the NSLDS at least every 60 days, or more often, as determined to be appropriate. The College should also ensure that student Published Program Length Measurements are listed in years and that the Published Program Lengths are calculated in years as recommended by the NSLDS Enrollment Reporting Guide so that the Published Program Length calculation is accurate to the true length of the program for each student.
Special Tests and Provisions - Enrollment Reporting Compliance and Internal Control (Significant Deficiency) U.S. Department of Education - Student Financial Assistance Cluster Federal Direct Student Loans (Federal Assistance Listing #84.268) Federal Award Number: P268K231804 Federal Pell Grant Program (Federal Assistance Listing #84.063) Federal Award Number: P063P221804 Federal Award Year: 2022-2023 Criteria and Context: Under the Pell grant and U.S. Department of Education (“ED”) direct loan programs, institutions are required to report enrollment information via the National Students Loan Data System (“NSLDS”) (OMB No.18450035) (Pell, 34 CFR 690.83(b)(2); Direct Loan, 34 CFR 685.309). The administration of the Title IV programs depends on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and verify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. The data on the institution’s Enrollment Reporting Roster, or Enrollment Maintenance page, is what NSLDS has as the most recently certified enrollment information. There are two categories of enrollment information; “Campus Level” and “Program Level,” both of which need to be reported accurately and have separate record types. The NSLDS enrollment Reporting Guide provides the requirements and guidance for reporting enrollment details using the NSLDS Enrollment Reporting Process. Institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002) mailboxes sent by ED via NSLDS. An institution determines how often it receives the Enrollment Reporting roster file with the default set at a minimum of every 60 days. Once received, the institution must update for changes in the data elements for the Campus Record and the Program Record identified above, and submit the changes electronically through the batch method, spreadsheet submittal, or the NSLDS website (Pell, 34 CFR 690.83(b)(2); Direct Loan, 34 CFR 685.309). Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. A student’s enrollment status determines eligibility for in-school status, deferment, and grace periods. Enrollment Reporting in a timely and accurate manner is critical for effective management of the programs. Enrollment information must be reported within 30 days whenever attendance changes for students, unless a roster will be submitted within 60 days. These changes include reductions or increases in attendance levels, withdrawals, graduations, or approved leaves-of-absence. Institutions are also responsible for accurately reporting the following significant data elements under the Program-Level Record: OPEID, CIP Code, CIP Year, Credential Level, Published Program Length Measurement, Published Program Length, Program Begin Date, Program Enrollment Status, and Program Enrollment Effective Date. Condition and Sample Method: From a non-statistical sample of forty (40) students tested who graduated or withdrew during the year, we identified three (3) students whose withdrawal statuses were reported to the NSLDS more than 60 days after the students’ respective withdrawal dates (ranging from 75 to 78 days late). In addition, due to an inconsistency between the College’s and NSLDS’s approach to calculating program lengths, we identified all forty (40) students had Published Program Length Measurements and Published Program Lengths that were inaccurately reported. Cause: While the College has established policies and procedures to ensure that the required reports are accurately completed and submitted on a timely basis to the NSLDS, we noted oversight on the timely reporting for three (3) withdrawn students. This resulted in the College missing the 60-day timing requirement for NSLDS reporting and resulted in the non-compliance noted. The NSLDS Enrollment Reporting Guide provides a caution that institutions should report associate and bachelor degree programs in years and not months. When program length is reported in months or weeks, NSLDS uses this value along with the Weeks in Title IV Academic Year value to calculate a length in years. This resulted in program lengths that are shown in the NSLDS system as being longer in years than the actual program length. Effect: There is a delay in the NSLDS obtaining the required information regarding the enrollment status changes of students. The accuracy of the Published Program Length Measurement and Published Program Length in Years were inaccurately reported to the NSLDS for the forty (40) students selected for testing. Questioned Costs: None identified. Identified as a Repeat Finding: Yes. Recommendation: The College should strengthen policies and procedures to ensure that student status transmission reports are submitted accurately to the NSLDS at least every 60 days, or more often, as determined to be appropriate. The College should also ensure that student Published Program Length Measurements are listed in years and that the Published Program Lengths are calculated in years as recommended by the NSLDS Enrollment Reporting Guide so that the Published Program Length calculation is accurate to the true length of the program for each student.
Reporting - Direct Loan and Pell Common Origination and Disbursement (“COD”) Compliance and Internal Control (Significant Deficiency) U.S. Department of Education - Student Financial Assistance Cluster Federal Direct Student Loans (Federal Assistance Listing #84.268) Federal Award Number: P268K231804 Federal Pell Grant Program (Federal Assistance Listing #84.063) Federal Award Number: P063P221804 Federal Award Year: 2022-2023 Criteria and Context: Pursuant to Federal Register Volume 87, Number 105, an institution must submit Pell Grant and Direct Loan disbursement records to the Common Origination and Disbursement (“COD”) system no later than 15 days after making the disbursement or becoming aware of the need to adjust a previously reported disbursement. In accordance with 34 CFR 668.164(a), Title IV program funds are disbursed on the date that the institution: (a) credits those funds to a student’s account in the institution’s general ledger or any subledger of the general ledger; or (b) pays those funds to a student directly. Title IV program funds are disbursed even if an institution uses its own funds in advance of receiving program funds from the Department of Education. Condition and Sample Method: From a non-statistical sample of forty (40) students selected for COD reporting testing, we identified one (1) student whose Direct Loans or Pell disbursement record was submitted to the COD more than 15 days after the award was disbursed to the student. Cause and Effect: While the College had certain procedures in place to monitor the submission of the disbursement records, such procedures were not consistently performed on a timely basis, and therefore were not adequate to ensure that each record was submitted within the required timeframe, causing the late submission of certain disbursement records. Questioned Costs: None identified. Identified as a Repeat Finding: No. Recommendation: We recommend that the College strengthen its policies and procedures to ensure that student disbursement records are submitted accurately to the COD within 15 days of disbursements being made to students’ accounts, and that the College maintain clear evidence that a secondary review is performed to verify that the submission was made timely.
Reporting - Direct Loan and Pell Common Origination and Disbursement (“COD”) Compliance and Internal Control (Significant Deficiency) U.S. Department of Education - Student Financial Assistance Cluster Federal Direct Student Loans (Federal Assistance Listing #84.268) Federal Award Number: P268K231804 Federal Pell Grant Program (Federal Assistance Listing #84.063) Federal Award Number: P063P221804 Federal Award Year: 2022-2023 Criteria and Context: Pursuant to Federal Register Volume 87, Number 105, an institution must submit Pell Grant and Direct Loan disbursement records to the Common Origination and Disbursement (“COD”) system no later than 15 days after making the disbursement or becoming aware of the need to adjust a previously reported disbursement. In accordance with 34 CFR 668.164(a), Title IV program funds are disbursed on the date that the institution: (a) credits those funds to a student’s account in the institution’s general ledger or any subledger of the general ledger; or (b) pays those funds to a student directly. Title IV program funds are disbursed even if an institution uses its own funds in advance of receiving program funds from the Department of Education. Condition and Sample Method: From a non-statistical sample of forty (40) students selected for COD reporting testing, we identified one (1) student whose Direct Loans or Pell disbursement record was submitted to the COD more than 15 days after the award was disbursed to the student. Cause and Effect: While the College had certain procedures in place to monitor the submission of the disbursement records, such procedures were not consistently performed on a timely basis, and therefore were not adequate to ensure that each record was submitted within the required timeframe, causing the late submission of certain disbursement records. Questioned Costs: None identified. Identified as a Repeat Finding: No. Recommendation: We recommend that the College strengthen its policies and procedures to ensure that student disbursement records are submitted accurately to the COD within 15 days of disbursements being made to students’ accounts, and that the College maintain clear evidence that a secondary review is performed to verify that the submission was made timely.