FAC Explorer

Audit 400334

FY End
2025-06-30
Total Expended
$30.45M
Findings
1
Programs
18
Organization: Rowan College of South Jersey (NJ)
Year: 2025 Accepted: 2026-04-30
Auditor: PKF O'CONNOR DAVIES LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1211082 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.063 FEDERAL PELL GRANT PROGRAM $15.69M Yes 0
84.268 FEDERAL DIRECT STUDENT LOANS $10.64M Yes 1
93.516 PUBLIC HEALTH TRAINING CENTERS PROGRAM $432,048 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $403,418 Yes 0
84.002 ADULT EDUCATION - BASIC GRANTS TO STATES $389,661 Yes 0
84.042 TRIO STUDENT SUPPORT SERVICES $351,974 Yes 0
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $186,492 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $154,605 Yes 0
84.334 GAINING EARLY AWARENESS AND READINESS FOR UNDERGRADUATE PROGRAMS $120,443 Yes 0
47.084 NSF TECHNOLOGY, INNOVATION, AND PARTNERSHIPS $62,519 Yes 0
94.002 AMERICORPS SENIORS RETIRED AND SENIOR VOLUNTEER PROGRAM (RSVP) 94.002 $50,841 Yes 0
93.859 BIOMEDICAL RESEARCH AND RESEARCH TRAINING $49,308 Yes 0
93.324 STATE HEALTH INSURANCE ASSISTANCE PROGRAM $27,854 Yes 0
17.258 WIOA ADULT PROGRAM $21,435 Yes 0
47.076 STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) $21,058 Yes 0
47.050 GEOSCIENCES $19,236 Yes 0
93.044 SPECIAL PROGRAMS FOR THE AGING, TITLE III, PART B, GRANTS FOR SUPPORTIVE SERVICES AND SENIOR CENTERS $16,592 Yes 0
93.071 MEDICARE ENROLLMENT ASSISTANCE PROGRAM $15,996 Yes 0

Contacts

Name Title Type
J7EFDKQD4D97 Nora Sheridan Auditee
8564152283 Carol McAllister Auditor
No contacts on file

Notes to SEFA

The accompanying schedules of expenditures of federal awards and state financial assistance (“the schedules”) include federal and state award activity of Rowan College of South Jersey (hereafter referred to as the “College”). The College is defined in Note 1 to the College's basic financial statements. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and State of New Jersey OMB Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. All federal and state awards received directly from federal and state agencies, as well as federal awards and state financial assistance passed through other government agencies, are included on the schedules. Because these schedules present only a selected portion of the operations of the College, they are not intended to and do not present the financial position and changes in operations of the College. Accordingly, some amounts presented in the respective schedules may differ from amounts presented in, or used in the preparation of, the College’s June 30, 2025 financial statements.
The College is responsible only for the performance of certain administrative duties with respect to Federal Direct Student Loans and New Jersey Class Loans; accordingly, these loans balances are not included in the College’s basic financial statements. It is not practical to determine the balance of loans outstanding to students of the College under these programs as of June 30, 2025.
Major programs are identified in the Summary of Auditor's Results section of the Schedule of Findings and Questioned Costs.

Finding Details

Finding 2025-001
Finding No. 2025-001 Information on the Federal Program U.S. Department of Education - Student Financial Aid Cluster (Federal Award Year 7/1/24 to 6/30/25): Federal Direct Student Loans: (Assistance Listing Number 84.268) (Federal Grant Number P268K251808) (FAIN – not applicable) Criteria or Specific Requirement Under 34 CFR § 668.165(a), institutions are required to notify borrowers in writing (or electronically) of the anticipated date and amount of each Direct Loan disbursement, as well as the borrower’s right to cancel all or a portion of the loan. This notification must be sent within a required time frame of crediting the student’s account. Condition The College did not provide required notifications to students (or parents, where applicable) regarding the disbursement of Federal Direct Loans for the Spring semester during the award year. Questioned Costs None. Context The auditor tested a sample of 15 students who received Federal Direct Loan disbursements during the audit period by reviewing student records and institutional documentation to determine whether required disbursement notifications were provided in a timely manner. Additionally, the auditor inquired with financial aid personnel regarding relevant procedures. Of the 15 items tested, 3 were identified as exceptions where notifications were not provided for the Spring semester during the award year. Effect or Potential Effect Failure to provide timely disbursement notifications may limit borrowers’ ability to exercise their right to cancel or reduce loan amounts, potentially resulting in increased debt burden. Additionally, this represents noncompliance with federal regulations governing the administration of Title IV programs. Cause The issue appears to result from the absence of a standardized procedure or automated system to ensure timely and documented delivery of disbursement notifications for all payment periods in the award year. Identification as a Repeat Finding Not applicable. Recommendation The College should implement and document procedures to ensure that all required Direct Loan disbursement notifications are generated and delivered to students (or parents, where applicable) in a timely manner for all payment periods during the award year. View of Responsible Officials and Planned Corrective Action The responsible officials agree with the finding and will address the matter as part of their corrective action plan.