FAC Explorer

Audit 391825

FY End
2025-06-30
Total Expended
$12.59M
Findings
1
Programs
20
Organization: Franklin & Marshall College (PA)
Year: 2025 Accepted: 2026-03-13
Auditor: BAKER TILLY US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1179424 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $7.87M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $1.88M Yes 0
47.074 BIOLOGICAL SCIENCES $378,476 Yes 0
84.038 FEDERAL PERKINS LOANS $361,922 Yes 0
47.070 COMPUTER AND INFORMATION SCIENCE AND ENGINEERING $319,246 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $270,581 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $252,351 Yes 0
93.859 BIOMEDICAL RESEARCH AND RESEARCH TRAINING $213,718 Yes 0
14.906 HEALTHY HOMES TECHNICAL STUDIES GRANTS $125,197 Yes 0
98.001 USAID FOREIGN ASSISTANCE FOR PROGRAMS OVERSEAS $103,955 Yes 0
47.050 GEOSCIENCES $86,145 Yes 0
11.609 MEASUREMENT AND ENGINEERING RESEARCH AND STANDARDS $59,748 Yes 0
47.075 SOCIAL, BEHAVIORAL, AND ECONOMIC SCIENCES $32,068 Yes 0
43.001 SCIENCE $30,335 Yes 0
10.924 CONSERVATION STEWARDSHIP PROGRAM $25,258 Yes 0
19.510 U.S. REFUGEE ADMISSIONS PROGRAM $16,094 Yes 0
93.304 RACIAL AND ETHNIC APPROACHES TO COMMUNITY HEALTH $12,788 Yes 0
47.083 INTEGRATIVE ACTIVITIES $11,722 Yes 0
43.008 EDUCATION $8,796 Yes 0
47.049 MATHEMATICAL AND PHYSICAL SCIENCES $987 Yes 0

Contacts

Name Title Type
P4NXVGAJNQK3 Anne McMahon Auditee
7173584210 Susan Maloney Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes federal award activity of Franklin & Marshall College (the College) under programs of the federal government for the year ended June 30, 2025. 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 (Uniform Guidance). Because this Schedule presents only a selected portion of the operations 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.
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.
The Federal Perkins Loan Program is administered directly by the College, and balances and transactions relating to this program are included in the College's consolidated financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. Federal Perkins loans outstanding at June 30, 2025 totaled $243,810.
The College has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
Federal Program Title: Federal Direct Student Loans Federal Agency: U.S. Department of Education Pass-Through Entity: Not Applicable Program Assistance Listing No: 84.268 Federal Award Year: June 30, 2025 Award Number: N/A Criteria: Title IV regulations (34 CFR 685.309(b)) require that upon receipt of an enrollment report from the Secretary, institutions must update all information included in the report and return the report to the Secretary: (i) in the manner and format prescribed by the Secretary; and (ii) within the timeframe prescribed by the Secretary. Unless it expects to submit its next updated enrollment report to the Secretary within the next 60 days, an institution must notify the Secretary within 30 days after the date the institution discovers that: (i) a loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended; or (ii) a student who is enrolled at the institution and who received a loan under Title IV of the Act has changed his or her permanent address. Condition and Context: The change in student status for 1 of the 25 students tested was not reported to the National Student Loan Data Systems (NSLDS) within 30 days or included in a response to a roster file within 60 days. Our sample was not a statistically valid sample. Cause: The exception resulted from delays in processing the student’s leave of absence (LOA) documentation and in issuing the required student notification letter, which led to misalignment between the College’s internal records and the effective date reported to NSLDS. Effect: Failure to report accurate enrollment status changes on a timely basis may result in inaccurate information within NSLDS, which could impact the proper administration of Title IV aid, including loan repayment status, deferment eligibility, and federal oversight monitoring. Recommendation: The College should refine processes regarding the timely processing of LOA requests and related student notifications to ensure enrollment status changes are reported accurately and promptly to NSLDS in accordance with federal requirements. Questioned Costs: None noted. Views of Responsible Officials and Planned Corrective Actions: The College will ensure the accuracy of reports sent to NSLDS by making changes to their staffing structure and roles surrounding student leave of absences and withdrawals. The College hired a single administrator who assists students through the process of requesting a leave of absence or a withdrawal and processes all leaves, making the system more efficient. The Office of Financial Aid will continue to process Return to Title IV calculations immediately when notified about a Title IV recipient’s leave of absence or withdrawal.