Finding 1089140 (2024-001)

-
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-12-03
Audit: 330530
Organization: Bellin College, Inc. (WI)
Auditor: Wipfli LLP

AI Summary

  • Core Issue: Four out of six student files had incorrect effective dates compared to school records.
  • Impacted Requirements: Effective dates for withdrawals, changes, or graduations must align with NSLDS and school records.
  • Recommended Follow-Up: The institution needs to enhance oversight to ensure accurate date matching in the NSLDS system.

Finding Text

Finding 2024-001 National Student Loan Data System (NSLDS) Department of Education Student Financial Aid Cluster - grant period July 1, 2023 through June 30, 2024 Questioned costs: None How the question costs were computed: N/A Condition: The examination disclosed 4 instances, out of 6 student files tested, in which their effective dates were not correct compared to the school records. Withdrawal/Change/Graduation Date Effective Date Student A 9/21/2023 8/22/2022 Student B 5/11/2024 8/23/2021 Student C 5/11/2024 8/23/2021 Student D 1/31/2024 8/22/2022 Criteria: Withdrawal/Change/Graduation date needs to match the effective date from the NSLDS to the school's records.. Effect: Student information is not correct in the system and the school did not comply with the requirements of the program. Cause: The College sent over proper timely notification of any dates listed below; however, the NSLDS did not have any of those dates properly updated in their system. Recommendation: The institution should implement adequate oversight to ensure the dates and the student information match NSLDS. View of Responsible We agree with the finding and are committed to a corrective action. Officials:

Categories

Student Financial Aid Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.58M
84.063 Federal Pell Grant Program $339,276
84.007 Federal Supplemental Educational Opportunity Grants $18,144
84.033 Federal Work-Study Program $9,183