Audit 37923

FY End
2022-06-30
Total Expended
$8.62M
Findings
20
Programs
21
Year: 2022 Accepted: 2023-02-07

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
38832 2022-001 Significant Deficiency Yes L
38833 2022-002 Significant Deficiency - N
38834 2022-001 Significant Deficiency Yes L
38835 2022-002 Significant Deficiency - N
38836 2022-001 Significant Deficiency Yes L
38837 2022-002 Significant Deficiency - N
38838 2022-001 Significant Deficiency Yes L
38839 2022-002 Significant Deficiency - N
38840 2022-001 Significant Deficiency Yes L
38841 2022-002 Significant Deficiency - N
615274 2022-001 Significant Deficiency Yes L
615275 2022-002 Significant Deficiency - N
615276 2022-001 Significant Deficiency Yes L
615277 2022-002 Significant Deficiency - N
615278 2022-001 Significant Deficiency Yes L
615279 2022-002 Significant Deficiency - N
615280 2022-001 Significant Deficiency Yes L
615281 2022-002 Significant Deficiency - N
615282 2022-001 Significant Deficiency Yes L
615283 2022-002 Significant Deficiency - N

Contacts

Name Title Type
QAP9NNDEWGZ8 Brigid Isackman Auditee
6107951702 Don Loberg Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The Schedule is presented 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 allowed or are limited to reimbursement. The Corporation of Haverford College has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The loan program noted above is administered directly by the College and balances andtransactions relating to these programs are included in the Colleges financial statements. Perkins loans cancellations, under CFDA #84.037, for the year ended June 30, 2022 were $168,993. FEDERAL PERKINS LOAN PROGRAM (84.038) - Program Cash Balances at June 30, 2022 at $39,101, Program Loan Balances Outstanding at June 30, 2022 $117,564.
Title: BASIS OF PRESENTATION Accounting Policies: The Schedule is presented 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 allowed or are limited to reimbursement. The Corporation of Haverford College has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includesthe federal grant activity of The Corporation of Haverford College (the College). Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore,some information presented in this schedule may differ from amounts presented in or usedin the preparation of the financial statements.
Title: FEDERAL DIRECT STUDENT LOAN PROGRAM (FEDERAL CFDA #84.268) Accounting Policies: The Schedule is presented 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 allowed or are limited to reimbursement. The Corporation of Haverford College has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The College is responsible for the performance of certain administrative duties with respect to the Federal Direct Loan Program. The balance of loans outstanding at June 30, 2022 consists of: (See table in Note 3 of the Notes to SEFA)

Finding Details

2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.
2022 ? 001 ? National Student Loan Data Systems (NSLDS) Enrollment Reporting Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: All schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a Roster file, including students? programs and the date in which they began the program (34 CFR 685.309(b)). Condition: In our sample of 18 students tested, four students? program begin dates were reported incorrectly to the NSLDS. Questioned Costs: None Context: 4 students out of a sample of 18 status changes selected for testing were reported with the incorrect program begin date. Cause: Program begin dates were reported incorrectly to the NSLDS. Effect: Student enrollment information is not being accurately reported to the NSLDS. Repeat Finding: Yes, prior year finding number 2021-001. Auditors? Recommendation: The College should review its policies and procedures on reporting of enrollment status changes to NSLDS to ensure that all status changes are being reported accurately to be in compliance with regulations. Views of Responsible Officials: See attached corrective action plan.
2022 ? 002 ? Title IV Credit Balances Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Assistance Cluster CFDA Number: 84.007. 84.033, 84.038, 84.063, 84.268 Award Period: 7/1/21-6/30/22 Type of Finding: Significant Deficiency in Internal Control over Compliance, Other Matters Criteria or Specific Requirement: If FSA disbursements to a student?s account at the school create a Title IV credit balance, the school must pay the credit balance directly to the student or parent as soon as possible but no later than 14 days after: - the first day of class of a payment period if the credit balance occurred on or before that day, or - the balance occurred if that was after the first day of class. Condition: In our sample of 40 students tested, one student had a Title IV credit balance that was not paid directly to the student within the required timeframe. Questioned Costs: None Context: One student out of a sample of 40 students had a Title IV credit balance that was paid outside of the required timeframe. Cause: Student received a late payment of federal aid, which was not properly communicated between the College?s departments. This breakdown in communication was not discovered until after the required time period had already passed. Effect: The College is not in compliance with the federal regulations. Repeat Finding: No. Auditors? Recommendation: The College should review its policies and procedures on communication of students who receive late disbursements of federal aid. Views of Responsible Officials: See attached corrective action plan.