FAC Explorer

Finding 1094401 (2024-001)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-01-07
Audit: 336229
Organization: Mount Mercy University (IA)
Auditor: Cliftonlarsonallen LLP

AI Summary

  • Core Issue: The University failed to report enrollment status changes for 4 out of 40 students to NSLDS within the required timeframe.
  • Impacted Requirements: Compliance with 34 CFR 685.309, which mandates reporting changes within 30 or 60 days.
  • Recommended Follow-Up: Review and improve reporting procedures to ensure timely updates to NSLDS to prevent issues like over-awarding and incorrect repayment periods.

Finding Text

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Assistance Listing Number: 84.038, 84.268, 84.033, 84.007, 84.063, 84.268, 93.264 Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matter Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Condition: During our testing of the Direct Loan and Pell Grant programs, we selected a sample of students to test for timeliness of reporting student status changes to the National Student Loan Data System (NSLDS). During our testing, we noted that 4 out of 40 students did not have their enrollment status timely reported. Questioned Costs: None reported Context: The students did not notify the University of their intent not to return, so they were not identified until the start of the next semester. Cause: The University does not have a process in place to identify non-returning students timely. Effect: The NSLDS system is not updated with the student information which can cause over awarding should the student transfer to another institution and the students may not properly enter the repayment period. Repeat Finding: Yes Recommendation: We recommend the Institute review its reporting procedures to ensure that students’ statuses are accurately and timely reported to NSLDS as required by regulations. Views of Responsible Officials: There is no disagreement with the audit finding.

Categories

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

Other Findings in this Audit

  • 517958 2024-001
    Significant Deficiency Repeat
  • 517959 2024-001
    Significant Deficiency Repeat
  • 517960 2024-001
    Significant Deficiency Repeat
  • 517961 2024-001
    Significant Deficiency Repeat
  • 517962 2024-001
    Significant Deficiency Repeat
  • 517963 2024-001
    Significant Deficiency Repeat
  • 517964 2024-001
    Significant Deficiency Repeat
  • 517965 2024-001
    Significant Deficiency Repeat
  • 517966 2024-002
    Significant Deficiency Repeat
  • 517967 2024-002
    Significant Deficiency Repeat
  • 517968 2024-002
    Significant Deficiency Repeat
  • 517969 2024-002
    Significant Deficiency Repeat
  • 517970 2024-002
    Significant Deficiency Repeat
  • 517971 2024-002
    Significant Deficiency Repeat
  • 517972 2024-002
    Significant Deficiency Repeat
  • 517973 2024-002
    Significant Deficiency Repeat
  • 517974 2024-003
    Significant Deficiency Repeat
  • 517975 2024-003
    Significant Deficiency Repeat
  • 517976 2024-003
    Significant Deficiency Repeat
  • 517977 2024-003
    Significant Deficiency Repeat
  • 517978 2024-003
    Significant Deficiency Repeat
  • 517979 2024-003
    Significant Deficiency Repeat
  • 517980 2024-003
    Significant Deficiency Repeat
  • 517981 2024-003
    Significant Deficiency Repeat
  • 1094400 2024-001
    Significant Deficiency Repeat
  • 1094402 2024-001
    Significant Deficiency Repeat
  • 1094403 2024-001
    Significant Deficiency Repeat
  • 1094404 2024-001
    Significant Deficiency Repeat
  • 1094405 2024-001
    Significant Deficiency Repeat
  • 1094406 2024-001
    Significant Deficiency Repeat
  • 1094407 2024-001
    Significant Deficiency Repeat
  • 1094408 2024-002
    Significant Deficiency Repeat
  • 1094409 2024-002
    Significant Deficiency Repeat
  • 1094410 2024-002
    Significant Deficiency Repeat
  • 1094411 2024-002
    Significant Deficiency Repeat
  • 1094412 2024-002
    Significant Deficiency Repeat
  • 1094413 2024-002
    Significant Deficiency Repeat
  • 1094414 2024-002
    Significant Deficiency Repeat
  • 1094415 2024-002
    Significant Deficiency Repeat
  • 1094416 2024-003
    Significant Deficiency Repeat
  • 1094417 2024-003
    Significant Deficiency Repeat
  • 1094418 2024-003
    Significant Deficiency Repeat
  • 1094419 2024-003
    Significant Deficiency Repeat
  • 1094420 2024-003
    Significant Deficiency Repeat
  • 1094421 2024-003
    Significant Deficiency Repeat
  • 1094422 2024-003
    Significant Deficiency Repeat
  • 1094423 2024-003
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $1.72M
84.268 Federal Direct Student Loans $1.26M
84.038 Perkins Loan Program $386,945
84.033 Federal Work-Study Program $171,603
84.007 Federal Supplemental Educational Opportunity Grants $118,124
93.264 Nurse Faculty Loan Program (nflp) $104,129
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $54,694