FAC Explorer

Audit 343564

FY End
2024-05-31
Total Expended
$11.62M
Findings
10
Programs
16
Organization: Bryn Mawr College (PA)
Year: 2024 Accepted: 2025-02-24
Auditor: Grant Thornton LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
524341 2024-002 Significant Deficiency - N
524342 2024-002 Significant Deficiency - N
524343 2024-002 Significant Deficiency - N
524344 2024-002 Significant Deficiency - N
524345 2024-002 Significant Deficiency - N
1100783 2024-002 Significant Deficiency - N
1100784 2024-002 Significant Deficiency - N
1100785 2024-002 Significant Deficiency - N
1100786 2024-002 Significant Deficiency - N
1100787 2024-002 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $7.38M Yes 1
84.063 Federal Pell Grant Program $1.27M Yes 1
84.033 Federal Work-Study Program $274,082 Yes 1
84.038 Federal Perkins Loan Program $268,418 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $167,714 Yes 1
47.083 Integrative Activities $97,013 - 0
93.853 Extramural Research Programs in the Neurosciences and Neurological Disorders $80,425 - 0
47.050 Geosciences $70,181 - 0
47.074 Biological Sciences $48,505 - 0
93.859 Biomedical Research and Research Training $35,745 - 0
47.041 Engineering $32,597 - 0
47.075 Social, Behavioral, and Economic Sciences $30,877 - 0
47.049 Mathematical and Physical Sciences $29,642 - 0
12.550 The Language Flagship Grants to Institutions of Higher Education $11,500 - 0
47.076 Stem Education (formerly Education and Human Resources) $8,421 - 0
47.070 Computer and Information Science and Engineering $3,576 - 0

Contacts

Name Title Type
K6QTMYRRT6S5 Tijana Stefanovic Auditee
6105265632 Elizabeth Ireland Auditor
No contacts on file

Notes to SEFA

Title: Perkins Loan Program (Assistance Listing # 84.038) Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activity of Bryn Mawr College (the "College") and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Because the schedule presents only a selected portion of the activities of the College, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the College. De Minimis Rate Used: N Rate Explanation: The College has negotiated predetermined Facilities and Administrative cost rates for grants, contracts, and other agreements with the Federal Government. Accordingly, the College may use these predetermined rates instead of the 10% de minimis rate described in Section 200.414 of the Uniform Guidance. Total loan amount outstanding at May 31, 2024 $97,367 The loan programs noted above are administered directly by the College and balances and transactions relating to these programs are included in the College's basic financial statements.

Finding Details

Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.
Finding 2024-002
Special Tests and Provisions – Enrollment Reporting – Significant Deficiency Student Financial Assistance Cluster U.S. Department of Education Award Period: June 1, 2023 – May 31, 2024 Criteria: According to 34 CFR 690.83(b)(2) and 34 CFR 685.309, institutions are required to report enrollment information under the Pell grant and Direct loan programs via the NSLDS (National Student Loan Data System). The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Condition: The College did not properly submit updates as necessary to student enrollment status changes to the NSLDS within the 60-day timeframe. Cause: Enrollment status changes were being sent consistently and timely to the NSC (National Student Clearinghouse), but any discrepancies were not identified and corrected. Context: During the fiscal year under audit, enrollment status changes were being communicated to the NSLDS, but there was no process to review any discrepancies between the College’s enrollment records and the NSLDS. Repeat Finding: No. Recommendation: The College should implement a monthly review process to ensure all student enrollment status changes are captured when certifying enrollment data. Views of Responsible Officials: See management’s corrective action plan on page 41. Effect: The status change for 2 out of 34 students sampled was not properly communicated to the NSLDS, which resulted in noncompliance with this compliance requirement. This sample was not a statistical sample. Questioned Costs: None.