Finding 1079110 (2024-001)

-
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-10-14
Audit: 324682
Organization: Dallas Theological Seminary (TX)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: Some students' enrollment status dates were inaccurately reported to NSLDS, affecting their loan statuses.
  • Impacted Requirements: This violates 34 CFR 685.309, which mandates accurate enrollment reporting.
  • Recommended Follow-Up: The financial aid team and registrar should collaborate with IT to fix the data capture process for NSLDS reporting.

Finding Text

Enrollment Reporting to National Student Loan Data System (NSLDS) DEPARTMENT OF EDUCATION ALN #: 84.268 Federal Award Identification #: 2023-2024 Award Year Condition: The NSLDS enrollment status effective date for some withdrawals was not accurately sent to NSLDS from the system. Criteria: 34 CFR 685.309 Questioned Costs: $0 Context: Out of 29 students tested, 3 students had incorrect effective dates reported for their enrollment status, ranging from two weeks to six weeks different. All of these students were official and unofficial withdrawals. These students were corrected during the audit process. Cause: There was an incorrect date being pulled in the system to send to NSLDS. 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: Not applicable. Recommendation: We recommend the student financial aid team and registrar work together, potentially including information technology, to ensure the appropriate fields are captured from the system for NSLDS enrollment reporting. 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 $2.77M
84.033 Federal Work-Study Program $130,984