Finding #2025-001 Compliance – Other Matter and Significant Deficiency in Internal Control Over Compliance Finding - Eligibility - Federal Direct Student Loan Program, Assistance Listing Number 84.268 and Federal Pell Grant Program, Assistance Listing Number 84.063: June 30, 2025 Award Year: U.S. Department of Education Criteria or Specific Requirement Direct Loans are determined based on the criteria noted in 34 CFR 685.203(a),(b),(c). Condition Of the 40 students selected for eligibility testing, two students within the sample had incorrect allocations of Direct Loans based upon their specific circumstances. Cause In one instance, a student was under-awarded Subsidized Direct Loans. The student was awarded the appropriate annual amount of direct loans, however received only unsubsidized direct loans. The student should have been allocated a portion of subsidized loan funds before being awarded all unsubsidized loan funds. In another instance, a student was under-awarded Subsidized Direct Loans. Based on their demonstrated financial need, the student should have received additional subsidized loan funds before being awarded unsubsidized loan funds. Effect The University's processes at the time of the finding did not prevent or detect these instances, thus, the affected students were awarded incorrect allocations of Title IV aid. Questioned Costs None. Identification as a Repeat Finding This is not a repeat finding. Recommendation The University should implement periodic quality control reports to allow for further accuracy checks. Views of Responsible Officials and Corrective Actions See corrective action plan.
Finding #2025-002 Compliance – Other Matter and Significant Deficiency in Internal Control Over Compliance Finding - Special Tests and Provisions: NSLDS Reporting - Federal Direct Student Loan Program, Assistance Listing Number 84.268 and Federal Pell Grant Program, Assistance Listing Number 84.063: June 30, 2025 Award Year: U.S. Department of Education Criteria or Specific Requirement Enrollment information, including the effective date of separation from the institution, must be accurately reported within 30 days whenever attendance changes for a student, unless a roster will be submitted within 60 days. The changes include reductions or increases in attendance levels, withdrawals, graduations, and approved leaves of absence. It is the institution’s responsibility, as a participant in the Title IV aid programs, to monitor and report these changes to the National Student Loan Data System (“NSLDS”). (NSLDS Enrollment Reporting Guide November 2022, and 34 CFR 685.309(b)) Condition Of the eight students selected for enrollment reporting, one student within the sample was reported to NSLDS outside the maximum 60-day window. Cause Delay in communication of graduated status to the Registrar for NSLDS reporting purposes. Effect A student’s enrollment status is important in determining their eligibility for in-school status, deferment, grace periods, repayments, and the government’s payment of interest subsidies. Reporting any changes in a student’s status to the NSLDS triggers the start of their grace period and sets a repayment date. Therefore, the timely and accurate notification regarding student status changes to NSLDS is essential. Questioned Costs None. Identification as a Repeat Finding This is not a repeat finding. Recommendation Ensure all status changes are reported to NSLDS within the 60-day window, including monitoring NSC submissions to NSLDS on behalf of the University. Views of Responsible Officials and Corrective Actions See corrective action plan.