FAC Explorer

Audit 380523

FY End
2025-05-31
Total Expended
$1.29M
Findings
1
Programs
4
Organization: Welch College (TN)
Year: 2025 Accepted: 2026-01-09
Auditor: CROSSLIN PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1168610 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $653,216 Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $609,588 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $15,611 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $13,037 Yes 0

Contacts

Name Title Type
MKVLJRQC3Z21 Craig Mahler Auditee
6156755292 John Crosslin Auditor
No contacts on file

Notes to SEFA

The College is responsible only for the performance of certain administrative duties with respect to federal direct student loans, and accordingly, these loans are not included in the financial statements. The loans processed are included in the Schedule of Expenditures of Federal Awards as part of the student financial assistance cluster. During the year ended May 31, 2025, the College processed $653,216 of new loans under the Federal Direct Student Loans program.

Finding Details

Finding 2025-001
ITEM # 2025 - 001 - INTERNAL CONTROLS OVER STUDENT’S CHANGE IN STATUS FOR SPECIAL TESTS AND PROVISIONS Student Financial Assistance Cluster U.S. Department of Education Criteria The National Student Loan Data System (“NSLDS”) requires the College to report student enrollment changes within 30 days of the change in status, however, if a roster file is expected within 60 days, a 60-day time frame is allowable. Condition and Context In testing the internal controls for Welch’s major program, it was noted that there was one selection out of three selections tested where the student’s status change was not reported with the NSLDS within the allowable time frame. Cause The student was not properly included in the Populi system as withdrawn which resulted in the error not being discovered until after the allowable time frame had passed. Effect Welch was not in compliance with NSLDS reporting requirements. Recommendation We recommend that Welch strengthens procedures to ensure all status changes are reported within the required time frame to NSLDS.