Finding 1101535 (2024-006)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-02-28

AI Summary

  • Core Issue: The Seminary failed to return 4 out of 5 Enrollment Reporting Rosters within the required 15 days and inaccurately recorded enrollment status changes for 3 out of 5 students.
  • Impacted Requirements: Compliance with federal enrollment reporting criteria under the Federal Pell Grant and Federal Direct Student Loans programs was not met.
  • Recommended Follow-Up: Enhance policies to ensure timely and accurate enrollment reporting, especially during high-volume periods like graduation.

Finding Text

Federal Assistance Listing Number: 84.268 Name of Program or Cluster: Federal Direct Student Loans (Student Financial Aid Cluster) Agency: Department of Education Criteria: Institutions are required to report enrollment information under the Federal Pell Grant and Federal Direct Student Loans programs via the National Student Loan Data System (“NSLDS”). Institutions must complete and return the Enrollment Reporting roster placed in their Student Aid Internet Gateway mailboxes sent by the U.S. Department of Education via NSLDS within 15 days of receipt of the roster. Additionally, institutions are required to report changes in student enrollment status via NSLDS within 60 days. Condition: We noted that four of five Enrollment Reporting Rosters that were selected for testing were not returned within the 15 period as required. In addition, the date of three of five students’ enrollment status changes were not recorded accurately to NSLDS during the year ended June 30, 2024. Cause: Due to turnover in the Seminary’s Registrar department, enrollment reporting during high volume periods such as graduation were delayed due limits in work capacity of the staff available during the fiscal year. Effect: The Seminary was not in compliance with enrollment reporting requirements. Questioned Costs: None. Repeat Finding: Yes, see prior year finding 2023-008. Recommendation: We recommend that the Seminary enhance existing policies to comply with enrollment reporting requirements. This policy should include a method for ensuring both timely enrollment updates as well as accuracy of the data reported. Views of Responsible Officials: See corrective action plan attached.

Categories

Student Financial Aid Matching / Level of Effort / Earmarking Reporting

Other Findings in this Audit

  • 525093 2024-006
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.94M
84.038 Federal Perkins Loan Program_federal Capital Contributions $640,589
84.033 Federal Work-Study Program $75,000