FAC Explorer

Audit 338798

FY End
2024-06-30
Total Expended
$14.50M
Findings
20
Programs
10
Organization: Prescott College, Inc. (AZ)
Year: 2024 Accepted: 2025-01-18
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
519702 2024-002 Significant Deficiency - N
519703 2024-002 Significant Deficiency - N
519704 2024-002 Significant Deficiency - N
519705 2024-002 Significant Deficiency - N
519706 2024-002 Significant Deficiency - N
519707 2024-003 Significant Deficiency Yes N
519708 2024-003 Significant Deficiency Yes N
519709 2024-003 Significant Deficiency Yes N
519710 2024-003 Significant Deficiency Yes N
519711 2024-003 Significant Deficiency Yes N
1096144 2024-002 Significant Deficiency - N
1096145 2024-002 Significant Deficiency - N
1096146 2024-002 Significant Deficiency - N
1096147 2024-002 Significant Deficiency - N
1096148 2024-002 Significant Deficiency - N
1096149 2024-003 Significant Deficiency Yes N
1096150 2024-003 Significant Deficiency Yes N
1096151 2024-003 Significant Deficiency Yes N
1096152 2024-003 Significant Deficiency Yes N
1096153 2024-003 Significant Deficiency Yes N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $11.70M Yes 2
84.063 Federal Pell Grant Program $617,688 Yes 2
94.006 Americorps State and National 94.006 $478,894 - 0
84.031 Higher Education Institutional Aid $398,436 - 0
84.033 Federal Work-Study Program $193,472 Yes 2
94.013 Americorps Volunteers in Service to America 94.013 $83,796 - 0
84.007 Federal Supplemental Educational Opportunity Grants $43,598 Yes 2
15.637 Migratory Bird Joint Ventures $22,699 - 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $18,862 - 2
10.310 Agriculture and Food Research Initiative (afri) $14,050 - 0

Contacts

Name Title Type
WA41FYUAR7P5 Michele Peterson Auditee
9709032036 Don Loberg Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on 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. Prescott College, Inc. has not provided amounts to subrecipients during the year ended June 30, 2024 De Minimis Rate Used: N Rate Explanation: Prescott College, Inc. has not elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Prescott College, Inc. under programs of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Prescott College, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Prescott College, Inc.
Title: STUDENT FINANCIAL AID INSTITUTIONAL AND PROGRAM ELIGIBILITY METRICS Accounting Policies: Expenditures reported on 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. Prescott College, Inc. has not provided amounts to subrecipients during the year ended June 30, 2024 De Minimis Rate Used: N Rate Explanation: Prescott College, Inc. has not elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance. The College is in compliance with the following institutional and program eligibility requirements under the Higher Education Act of 1965 and Federal regulations under 34 CFR 668.23: • Correspondence courses the institution offers under 34 CFR 600.7(b) and (g) • Regular students that enroll in correspondence courses under 34 CFR 600.7(b) and (g) • Institution’s regular students that are incarcerated under 34 CFR 600.7(c) and (g) • Completion rates for confined or incarcerated individuals enrolled in non-degree programs at nonprofit institutions under 34 CFR 600.7(c)(3)(ii) and (g) • Institution’s regular students that lack a high school diploma or its equivalent under 34 CFR 600.7(d) and (g) • Completion rates for short-term programs under 34 CFR 668.8(f) and (g) • Placement rates for short-term programs under https://www.ecfr.gov/current/title-34/subtitle-B/chapter-VI/part-668/subpart-A/section-668.8 34 CFR 668.8(e)(2)

Finding Details

Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: Yes – See 2023-003 Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.