Finding 1098880 (2023-005)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2025-02-07
Audit: 341725
Organization: Arkansas Baptist College (AR)

AI Summary

  • Core Issue: ABC failed to report changes in student enrollment status within the required sixty-day timeframe, leading to noncompliance with federal regulations.
  • Impacted Requirements: Title IV Regulations mandate timely reporting to the guarantee agency, National Student Clearinghouse, and NSLDS for students who change their enrollment status.
  • Recommended Follow-Up: ABC should establish and implement policies to ensure accurate and timely reporting of student enrollment status moving forward.

Finding Text

Audit Finding Reference Number 2023 – 005 – Student Status Confirmation Report Federal Program and Specific Federal Award Identification CFDA Title and Number 84.268 Federal Direct Student Loans (Direct) Federal Award Number June 30, 2023 Federal Agencies U.S. Department of Education Pass-Through Entity Not applicable Criteria Title IV Regulations, 34 CFR Section 682.610 (c) (i) (ii) (iii) stipulated that if a university discovers that a loan has been made to or on behalf of a student who enrolled at that school, but who has ceased to be enrolled on at least a half-time basis; a student who has been accepted for enrollment at that school, but who failed to enroll on at least a half-time basis for the period for which the loan was intended, or a full-time student who has ceased to be enrolled on a full-time basis, ABC must notify the guarantee agency, the National Student Clearinghouse and/or the National Student Loan Data System (NSLDS). Schools are required to report enrollment data at least every sixty (60) days. Conditions and Contexts I noted during my audit twenty-two (22) students out of twenty-seven (27) tested whose change in enrollment status was reported correctly in the NSLDS system; however, the students’ status change was reported greater than the every sixty (60) days timeframe . Cause It appears that ABC did not properly report the student’s enrollment status to the guarantee agency, National Student Clearinghouse, and/or NSLDS. Questioned Costs For purposes of this condition, I do not have any questioned costs. Effect Noncompliance with federal regulations. ABC did not properly report the student’s status to the guarantee agency, National Student Clearinghouse, and/or NSLDS. Repeat Finding Yes. See Schedule of Prior Year Audit Finding 2022-005. Recommendation I recommend that ABC determine the student’s proper enrollment status and report the accurate status to the guarantee agency, National Student Clearinghouse, and/or NSLDS. Management’s Response Management concurs with this finding. The College will set policies, procedures and practices in place and adhere to ensure that changes in students’ enrollment are reported accurately and timely as defined in the Federal guidelines. Responsible Administrators: Director of Financial Aid & Registrar Effective: Immediately and ongoing

Categories

Student Financial Aid Matching / Level of Effort / Earmarking Subrecipient Monitoring

Other Findings in this Audit

  • 522432 2023-002
    Material Weakness Repeat
  • 522433 2023-002
    Material Weakness Repeat
  • 522434 2023-003
    Material Weakness Repeat
  • 522435 2023-003
    Material Weakness Repeat
  • 522436 2023-004
    Material Weakness
  • 522437 2023-004
    Material Weakness
  • 522438 2023-005
    Material Weakness Repeat
  • 522439 2023-006
    Material Weakness Repeat
  • 522440 2023-007
    Material Weakness
  • 522441 2023-007
    Material Weakness
  • 522442 2023-008
    Material Weakness Repeat
  • 522443 2023-008
    Material Weakness Repeat
  • 522444 2023-009
    Material Weakness Repeat
  • 522445 2023-010
    Material Weakness Repeat
  • 522446 2023-010
    Material Weakness Repeat
  • 522447 2023-010
    Material Weakness Repeat
  • 522448 2023-010
    Material Weakness Repeat
  • 522449 2023-010
    Material Weakness Repeat
  • 522450 2023-010
    Material Weakness Repeat
  • 522451 2023-010
    Material Weakness Repeat
  • 522452 2023-011
    Material Weakness
  • 1098874 2023-002
    Material Weakness Repeat
  • 1098875 2023-002
    Material Weakness Repeat
  • 1098876 2023-003
    Material Weakness Repeat
  • 1098877 2023-003
    Material Weakness Repeat
  • 1098878 2023-004
    Material Weakness
  • 1098879 2023-004
    Material Weakness
  • 1098881 2023-006
    Material Weakness Repeat
  • 1098882 2023-007
    Material Weakness
  • 1098883 2023-007
    Material Weakness
  • 1098884 2023-008
    Material Weakness Repeat
  • 1098885 2023-008
    Material Weakness Repeat
  • 1098886 2023-009
    Material Weakness Repeat
  • 1098887 2023-010
    Material Weakness Repeat
  • 1098888 2023-010
    Material Weakness Repeat
  • 1098889 2023-010
    Material Weakness Repeat
  • 1098890 2023-010
    Material Weakness Repeat
  • 1098891 2023-010
    Material Weakness Repeat
  • 1098892 2023-010
    Material Weakness Repeat
  • 1098893 2023-010
    Material Weakness Repeat
  • 1098894 2023-011
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $1.86M
84.031 Higher Education_institutional Aid $1.78M
84.268 Federal Direct Student Loans $1.31M
84.425 Education Stabilization Fund $530,103
84.027 Special Education_grants to States $156,155
84.047 Trio_upward Bound $137,441
84.033 Federal Work-Study Program $63,376
84.007 Federal Supplemental Educational Opportunity Grants $34,642