Finding 1075271 (2024-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-09-27
Audit: 321580
Organization: Brescia University Inc. (KY)

AI Summary

  • Core Issue: Two students had incorrect status updates on NSLDS due to reporting errors.
  • Impacted Requirements: The University failed to notify NSLDS of status changes within the required 60-day timeframe.
  • Recommended Follow-Up: Implement a review process to ensure accurate status updates are reflected in NSLDS.

Finding Text

Criteria or Specific Requirement Special tests and provisions – Student Status Changes Condition Incorrect status was listed for two students on National Student Loan Data System (NSLDS) Context Out of a sample of 26 students that graduated or withdrew with Direct Loans, the University failed to correctly notify NSLDS of two students’ status changes within the 60-day time frame Effect NSLDS was not aware of the status of the impacted students. Cause The University manually reported the status change of one student to NSLDS and it was overridden when the Clearinghouse sent in the batch update. One student did not have a social security number in the system and therEfore was not updated when the batch report was sent in to Clearinghouse. Recommendation The University should establish a review procedure to verify that NSLDS reflects the correct change in student status.

Categories

Student Financial Aid Special Tests & Provisions Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 498829 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $5.37M
84.063 Federal Pell Grant Program $1.37M
84.007 Federal Supplemental Educational Opportunity Grants $86,707
21.027 Coronavirus State and Local Fiscal Recovery Funds $78,248
84.033 Federal Work-Study Program $76,816
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $73,633
93.658 Foster Care_title IV-E $142