Finding 1090861 (2024-001)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-12-16
Audit: 332741
Organization: Arlington Baptist University (CO)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The University failed to report enrollment data to NSLDS accurately and on time, affecting 45 out of 54 students tested.
  • Impacted Requirements: This violates 34 CFR 685.309, leading to potential issues with loan grace periods and deferment eligibility.
  • Recommended Follow-Up: Implement a reliable system for NSLDS reporting and conduct regular spot checks on enrollment statuses.

Finding Text

Incorrect Enrollment Reporting to National Student Loan Data System (NSLDS) Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 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 685.309 Questioned Costs: $0 Context: Out of 54 students tested, 45 students had incorrect enrollment statuses reported, of which seven were withdrawals. Additionally, out of 14 students tested, seven students had incorrect program reporting to NSLDS. Cause: The University’s process has been manual to update all NSLDS reporting by student. 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: Yes, 2023-001 and 2022-002 Recommendation: We recommend the University put a system in place to ensure that all students are being reported to NSLDS, and that the University is completing 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 Material Weakness Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 514419 2024-001
    Material Weakness Repeat
  • 514420 2024-002
    Significant Deficiency Repeat
  • 514421 2024-002
    Significant Deficiency Repeat
  • 514422 2024-003
    Significant Deficiency Repeat
  • 514423 2024-004
    -
  • 514424 2024-004
    -
  • 1090862 2024-002
    Significant Deficiency Repeat
  • 1090863 2024-002
    Significant Deficiency Repeat
  • 1090864 2024-003
    Significant Deficiency Repeat
  • 1090865 2024-004
    -
  • 1090866 2024-004
    -

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.96M
84.063 Federal Pell Grant Program $793,987
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $400,883
84.033 Federal Work-Study Program $9,444