FAC Explorer

Audit 389325

FY End
2025-06-30
Total Expended
$14.47M
Findings
3
Programs
10
Organization: Southwestern University (TX)
Year: 2025 Accepted: 2026-02-26
Auditor: CHERRY BEKAERT LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1175537 2025-001 Material Weakness Yes N
1175538 2025-001 Material Weakness Yes N
1175539 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $10.12M Yes 1
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $743,319 Yes 0
47.076 STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) $364,340 Yes 0
84.047 TRIO UPWARD BOUND $300,017 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $199,085 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $135,481 Yes 0
16.525 GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, AND STALKING ON CAMPUS $54,171 Yes 0
47.049 MATHEMATICAL AND PHYSICAL SCIENCES $23,235 Yes 0
45.310 GRANTS TO STATES $90 Yes 0
84.063 FEDERAL PELL GRANT PROGRAM $20 Yes 1

Contacts

Name Title Type
RGXCR1T4F7M6 Shawn Mathis Auditee
5128631460 Brian Liffick Auditor
No contacts on file

Notes to SEFA

During the fiscal year ended June 30, 2025, the University processed new loans under the following student loan programs: See Notes to the SEFSA for Chart/Table. The Secretary of Education makes disbursements to students and parents for the Federal direct student loans based on eligibility as determined by the University. In accordance with the Federal Perkins loans closing guidelines, no new loans are allowed and no new loans were disbursed by the University for the years ended June 30, 2025 or 2024. At June 30, 2025, outstanding loan balances under the Federal Perkins Loans were as follows: See Notes to the SEFSA for Chart/Table.
The 2025 federal expenses of the Pell Grant Program does not include $20 of administrative costs allowable and paid by the federal government that are presented separately in the schedule of expenditures of federal and state awards.
In accordance with the terms of certain federal grants, the University is required to match federal expenses. The University’s matching contributions in accordance with these provisions were as follows: See Notes to the SEFSA for Chart/Table.
During the fiscal year ended June 30, 2025, the University administered $113,006 of new loans under the Texas College Access Loans Program.

Finding Details

Finding 2025-001
Finding 2025-001 – Student Financial Aid Cluster, Assistance Listing # 84.063 and 84.268 Compliance Requirement: Special Test and Provisions – Enrollment Reporting Criteria: The University is required to send changes in attendance levels of students, including students who, graduated, withdrew, dropped out, or enrolled changes to the National Student Loan Data System (“NSLDS”) within 60 days of the change. Condition: The University did not send changes in attendance levels of students, including students who graduated, withdrew, dropped out, or enrolled changes to the NSLDS within 60 days of the change. Cause: The University had not reported status changes of students to the NSLDS as required under the Uniform Grant Guidance for the year ended June 30, 2025. The status information reported in the University’s system, was incorrectly extracted for the submission to the National Student Clearinghouse and NSLDS, which created discrepancies between the statuses. Context: The University had one incorrect status effective date, one incorrect status change, and sent two status changes to the NSLDS after 60 days. Effect: The University did not report status changes to the NSLDS timely and appropriately. Recommendation: The University should put in place a process to timely capture student changes so they can be reported to the NSLDS. Management Response: The University concurs with this finding. Corrective Action Plan: See attached management’s corrective action plan.