FAC Explorer

Finding 1081149 (2024-001)

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Requirement
N
Questioned Costs
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Year
2024
Accepted
2024-11-05
Audit: 327325
Organization: Spoon River College District No. 534 (IL)
Auditor: Wipfli LLP

AI Summary

  • Answer: One out of six student files had an incorrect status in NSLDS.
  • Trend: This indicates a potential issue with how student statuses are updated, which could affect compliance.
  • List: Review and correct the NSLDS status for the affected student and implement a process to ensure timely updates in the future.

Finding Text

Criteria: The status in NSLDS must accurately reflect the student’s status as the institution. Condition: The examination disclosed 1 student out of 6 out of school student files tested, in which NSLDS was not updated correctly. The institution reported the student as withdrawn with an effective date of 5/12/23 but according to the institution’s records the student graduated on 12/15/23.

Categories

Student Financial Aid

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $1.94M
11.307 Economic Adjustment Assistance $1.04M
84.268 Federal Direct Student Loans $531,713
93.575 Child Care and Development Block Grant $257,429
84.042 Trio_student Support Services $252,889
84.002 Adult Education - Basic Grants to States $92,717
84.048 Career and Technical Education -- Basic Grants to States $86,314
84.007 Federal Supplemental Educational Opportunity Grants $63,245
84.033 Federal Work-Study Program $14,312