Finding 1078805 (2024-003)

-
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-10-10

AI Summary

  • Core Issue: The University failed to report enrollment data to NSLDS accurately and on time.
  • Impacted Requirements: This violates 34 CFR 690.83(b) and 34 CFR 685.309.
  • Recommended Follow-Up: Review samples of batches sent to NSC to ensure successful processing in NSLDS.

Finding Text

Enrollment Reporting to NSLDS DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2023-2024 Award Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) in a timely and accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $0 Context: Out of 63 students tested for proper NSLDS enrollment status, 1 student who withdrew was still being reported as half-time and 2 students were reported as no record found. Cause: Reporting was sent to National Student Clearinghouse (NSC) but it did not get processed. Effect: Inaccurate reporting can impact a student's loan grace period in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: N/A Recommendation: It is recommended that the client review a sample of each batch sent to the NSC to make sure the batch was successfully processed in NSLDS. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

Reporting Student Financial Aid Eligibility Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $8.19M
84.063 Federal Pell Grant Program $2.23M
84.007 Federal Supplemental Educational Opportunity Grants $95,495
84.033 Federal Work-Study Program $79,541