Finding 1114603 (2024-001)

2024-001: Student Financial Assistance Cluster – Special Tests and Provisions – Enrollment Reporting Federal Program: Student Financial Assistance Cluster; Federal Direct Student Loans Assistance Listing Number: 84.268 Federal Agency: U.S. Department of Education Pass-Through Entity: None Federal Award Identification Number: P268K161537 Repeat Finding: This is not a repeat finding Criteria – In accordance with limits set by the Department of Education, schools must report changes in a student’s enrollment status (for example, less than half-time, graduated, or withdrawn) to the National Student Loan Data System (NSLDS) within 30 days (60 days for roster file) of becoming aware of the change. Condition and context – During our test work over Unsubsidized and Subsidized loans, we noted eleven students in our sample selected where the change in enrollment status was not completed timely. Cause – Insufficient review of student data in the NSLDS. Effect or Potential Effect – The Academy did not report student enrollment changes within the timeframe outlined by the Department of Education. Questioned Costs - None. Recommendations – We recommend that management enhance control procedures to ensure that student data regarding changes in enrollment status is reported timely. Management’s Views and Corrective Action Plan – Management’s response is included in “Management’s Views and Corrective Action Plan” included at the end of this report after the Summary Schedule of Prior Audit Findings.