Finding 1081820 (2024-001)

-
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-11-12
Audit: 328050
Organization: East Texas Baptist University (TX)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: NSLDS received incorrect enrollment status effective dates for 3 out of 68 students, affecting their loan status.
  • Impacted Requirements: Compliance with 34 CFR 690.83(b) and 34 CFR 685.309 regarding accurate reporting of student enrollment statuses.
  • Recommended Follow-Up: Implement a system to ensure accurate reporting dates, verify graduation rosters each semester, and conduct spot checks on enrollment statuses.

Finding Text

Enrollment Reporting to National Student Loan Data System (NSLDS) DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2023-2024 Award Year Condition: The NSLDS enrollment status effective date for withdrawals and graduated students was not accurately sent to NSLDS from the system. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $0 Context: Out of 68 students tested, 3 students had incorrect effective dates reported for their enrollment status. One student who graduated after the fall semester was reported as withdrawn instead of graduated. Two official withdrawals during the spring semester were reported as withdrawn at the end of the fall semester. These students were corrected during the audit process. Cause: The incorrect effective dates were pulled in order 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 University put a system in place to ensure that the date being reported to NSLDS as the effective date of withdrawal is the official withdrawal date of attendance for the student. We also recommend the graduation roster be checked each semester. We further recommend the University complete spot checks of enrollment statuses to 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 $9.98M
84.063 Federal Pell Grant Program $3.09M
84.033 Federal Work-Study Program $129,972
84.007 Federal Supplemental Educational Opportunity Grants $114,905
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $14,739