Finding 1096145 (2024-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-01-18
Audit: 338798
Organization: Prescott College, Inc. (AZ)

AI Summary

  • Core Issue: The College failed to report a student's enrollment status change to NSLDS within the required 60 days.
  • Impacted Requirements: Compliance with 34 CFR 685.309, which mandates timely and accurate reporting of enrollment status changes.
  • Recommended Follow-Up: The College should review and improve its procedures for reporting status changes to ensure compliance with federal regulations.

Finding Text

Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters 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. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don’t pass the NSLDS enrollment reporting edits. Condition: During our testing of 40 students, we noted one student where the change in enrollment status was not reported within 60 days. Questioned costs: None Context: During our testing, it was noted the College does not have a process in place to ensure the timeliness and accuracy of NSLDS reporting. Cause: The College did not have a process in place to ensure the student who graduated or withdrew were reported timely and accurately. Effect: The College did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely and accurately. Repeat finding: No Recommendation: We recommend the College reevaluate their procedures and review policies surrounding reporting status changes to NSLDS to ensure timely and accurate reporting. Views of responsible officials: There is no disagreement with the audit finding.

Categories

Student Financial Aid Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 519702 2024-002
    Significant Deficiency
  • 519703 2024-002
    Significant Deficiency
  • 519704 2024-002
    Significant Deficiency
  • 519705 2024-002
    Significant Deficiency
  • 519706 2024-002
    Significant Deficiency
  • 519707 2024-003
    Significant Deficiency Repeat
  • 519708 2024-003
    Significant Deficiency Repeat
  • 519709 2024-003
    Significant Deficiency Repeat
  • 519710 2024-003
    Significant Deficiency Repeat
  • 519711 2024-003
    Significant Deficiency Repeat
  • 1096144 2024-002
    Significant Deficiency
  • 1096146 2024-002
    Significant Deficiency
  • 1096147 2024-002
    Significant Deficiency
  • 1096148 2024-002
    Significant Deficiency
  • 1096149 2024-003
    Significant Deficiency Repeat
  • 1096150 2024-003
    Significant Deficiency Repeat
  • 1096151 2024-003
    Significant Deficiency Repeat
  • 1096152 2024-003
    Significant Deficiency Repeat
  • 1096153 2024-003
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $11.70M
84.063 Federal Pell Grant Program $617,688
94.006 Americorps State and National 94.006 $478,894
84.031 Higher Education Institutional Aid $398,436
84.033 Federal Work-Study Program $193,472
94.013 Americorps Volunteers in Service to America 94.013 $83,796
84.007 Federal Supplemental Educational Opportunity Grants $43,598
15.637 Migratory Bird Joint Ventures $22,699
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $18,862
10.310 Agriculture and Food Research Initiative (afri) $14,050