Audit 396203

Material Weakness Finding 2025-001 – Student Financial Aid Cluster, Assistance Listing # 84.007, 84.033, 84.063, 84.268 Criteria: The College’s system of financial aid and internal controls should be designed to accurately retrieve records so that the College can comply with laws and regulations and be audited under Governmental Auditing Standards and Uniform Grant Guidance. The College’s system of internal controls must appropriately document reviews and approvals of all department of education compliance requirements. Condition: The College did not maintain documentation of its performance of internal controls, and therefore, could not show documentation of reviews and approvals. Cause: The College did not implement a formal review and approval process over student financial aid until the Spring 2025 term and there is no formal review over return of Title IV calculations. Recommendation: Particular attention should be placed on systems and process improvements necessary to ensure documentation of reviews and approvals. Context: For a sample of 23 students tested, during the summer and fall 2024 terms the College did not maintain documentation supporting the review and approval process for all of the students tested. The process was subsequently corrected, enabling the College to provide appropriate documentation of review for the spring 2025 term for the sample of 17 students tested. For a sample of 2 withdrawal students, the College did not perform a formal review over return of Title IV calculations for neither student tested. Repeat Finding: This is a repeat finding of 2024-001. Effect: We were unable to verify whether controls were properly designed or operating effectively. Management Response: The College concurs with this finding. Corrective Action Plan: See attached management’s corrective action plan.

Nonmaterial Noncompliance Findings Finding 2025-002 – Student Financial Aid Cluster, Assistance Listing # 84.063 and 84.268 Compliance Requirement: Special Test and Provisions – NSLDS Reporting Criteria: The College 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 College 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 College 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 College’s system, was incorrectly tracked for the submission to the National Student Clearinghouse and NSLDS, which created late submissions. Context: Of our 7 students selected for testing, all of the students tested had status changes reported to the NSLDS after 60 days. Repeat Finding: This is a repeat finding of 2024-002. Effect: The College did not report status changes to the NSLDS timely. Recommendation: The College should put in place an internal control to timely capture student changes so they can be reported to the NSLDS in a timely manner. Management Response: The College concurs with this finding. Corrective Action Plan: See attached management’s corrective action plan.

Nonmaterial Noncompliance Findings Finding 2025-003 - Student Financial Aid Cluster, CFDA# 84.063, 84.268 Compliance Requirement: Reporting Criteria: The College is required to submit Direct Loan and Pell Grant origination records and disbursement records to the COD system. The disbursement record reports the actual disbursement date and the amount of the disbursement received by the student. Condition: The College does not report the actual disbursement date the student receive the Direct Loan and/or Pell funds to the COD system. Cause: The College uses the date they reported the disbursements to the COD system as the disbursement date. The actual disbursement date the student receives the funds does not match the COD system. Context: Of the population of 40 tested, 24 of the disbursement dates in the COD system did not match student records. Repeat Finding: This is a repeat finding of 2024-004. Recommendation: The College should put in place an internal control to ensure student disbursement dates are accurately reported to the COD system. Management Response: The College concurs with this finding.