Audit 411827

2025-001: Inaccurate Enrollment Status Reporting- Student Financial Assistance Cluster - Federal Direct Student Loans -ALN # 84.268 - Year Ended December 31, 2025 Compliance Requirement: Reporting (L) Criteria: Institutions are required to provide enrollment update responses to the Enrollment Reporting Roster File within fifteen days of receipt (34 CFR 685.309). Condition: Sikich tested thirty-seven files and one student had an enrollment status effective date incorrectly reported to the National Student Loan Data System (NSLDS). This finding is repeated and was reported in the prior year as 2024-001. We consider this finding to be an instance of noncompliance. Cause: The condition was caused by incorrectly updating the student’s date of determination instead of the student’s actual last date of attendance as their withdrawn date into the NSLDS system. Effect: The result is a student’s withdrawn date was reported to NSLDS inaccurately. Questioned Costs: $0 Recommendation: We recommend the College update the effective dates in NSLDS and increase controls over enrollment reporting. Views of Responsible Officials: Management agrees with this Single Audit Finding and a response is included in the Corrective Action Plan.

2025-002: Unpaid and Untimely Paid Credit Balance- Student Financial Assistance Cluster - Federal Direct Student Loans - ALN # 84.268 - Year Ended December 31, 2025 Compliance Requirement: Special Tests and Provisions (N) Criteria: An institution must pay credit balances to students within fourteen days of the creation of such credit or within fourteen days of the date the institution performs the Return calculation for withdrawn students. When a valid waiver has been obtained, an institution must pay the remaining balance on loan funds by the end of the loan period and any remaining other Title IV program funds by the end of the last payment period in the award year for which the funds were awarded (34 CFR 668.164 and 668.165). Condition: Sikich tested thirty-seven files, twenty-two of which had credit balances, and found one unpaid credit balance and one untimely paid credit balance. We consider this finding to be instances of noncompliance and is repeated from the prior year single audit 2024-002. Cause: The condition was caused by not issuing the credit balances by the end of the students’ loan periods. Effect: As a result, the Institution was holding funds that needed to be returned to students. Questioned Costs: $15,311 Students Direct Loan Total Universe 64 $ 1,262,779 $ 1,262,779 Sample 37 635,480 635,480 Findings 2 15,311 15,311 Recommendation: We recommend the College increase controls over timely credit balance refunds and take steps to ensure the unpaid credit balances are remitted. Views of Responsible Officials: Management agrees with this Single Audit Finding and a response is included in the Corrective Action Plan.