FAC Explorer

Finding 1101220 (2024-003)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-02-27
Audit: 344161
Organization: Mercyhurst University (PA)
Auditor: Rsm US LLP

AI Summary

  • Core Issue: The University failed to report changes in student status to NSLDS within the required sixty days for seven out of fifty students.
  • Impacted Requirements: This oversight violates 34 CFR 685.309 and the FSA Handbook guidelines.
  • Recommended Follow-Up: Implement a quality assurance process with controls to ensure timely reporting of student status changes.

Finding Text

Program Title: Student Financial Assistance Cluster, Federal Perkins Loan Program Assistance Listing Number: 84.268 Federal Award Number: None Federal Agencies: United States Department of Education Criteria: According to 34 CFR 685.309, the University is required to report a change in student status (withdrawal or graduation) within sixty days to NSLDS. Condition: During the course of our testing, we identified seven students from a sample of fifty whose change in status was not communicated within the required sixty days. Cause: Administrative oversight by personnel in refund process. Effect: The University has not complied with certain requirements of FSA Handbook and Federal Code of Regulations. Questioned Costs: None Context: During testing enrollment reporting, we identified instances where a student change in status was not timely communicated to NSLDS. Repeat Finding: No Recommendation: The University should implement and document an overall quality assurance process including adequate controls to prevent overall noncompliance. View of responsible individuals: Management agrees with the finding.

Categories

Student Financial Aid Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 524775 2024-002
    Significant Deficiency
  • 524776 2024-002
    Significant Deficiency
  • 524777 2024-001
    Significant Deficiency
  • 524778 2024-003
    Significant Deficiency
  • 1101217 2024-002
    Significant Deficiency
  • 1101218 2024-002
    Significant Deficiency
  • 1101219 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $19.97M
95.001 High Intensity Drug Trafficking Areas Program $14.22M
84.063 Federal Pell Grant Program $4.03M
84.287 Twenty-First Century Community Learning Centers $868,361
84.038 Federal Perkins Loan Program_federal Capital Contributions $600,191
84.033 Federal Work-Study Program $290,611
84.007 Federal Supplemental Educational Opportunity Grants $274,034
14.267 Continuum of Care Program $50,089
47.076 Stem Education (formerly Education and Human Resources) $33,496
16.817 Byrne Criminal Justice Innovation Program $21,260
17.245 Trade Adjustment Assistance $20,002
93.925 Scholarships for Health Professions Students From Disadvantaged Backgrounds $5,435
12.620 Troops to Teachers Grant Program $1,072
23.002 Appalachian Area Development $662