FAC Explorer

Finding 1106259 (2024-001)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-03-24
Audit: 347817
Organization: Universidad Adventista De Las Antillas, Inc. (PR)
Auditor: Baker Tilly Puerto Rico CPAS Psc

AI Summary

  • Issue: The Institution failed to notify the Secretary about changes in enrollment status for two students with federal loans.
  • Trend: This delay in reporting could lead to compliance issues and affect federal loan management.
  • Recommendation: Implement a system to ensure timely updates on student enrollment changes to avoid future lapses.

Finding Text

We observed that the Institution did not notify the Secretary through the NSLDS in a timely manner of the change in the enrollment status (withdrew/graduated) of two (2) students with federal loans during the academic period covering the fiscal year 2023-2024

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $4.07M
84.268 Federal Direct Student Loans $1.68M
84.042 Trio Student Support Services $550,181
84.033 Federal Work-Study Program $142,561
84.007 Federal Supplemental Educational Opportunity Grants $63,053
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $60,960