Finding Text
Criteria: 34 CFR 690.83 (b)(2) which states the institution shall submit "in accordance with deadline dates established by the Secretary, through publication in the Federal Register, other reports and information with Secretary requires and shall comply with the procedures the Secretary finds necessary to ensure that the reports are correct.”
34 CFR 685.309(b)(1-2) which states a school shall “upon receipt of a student status confirmation report from the Secretary, complete and return that report to the Secretary within 30 days of receipt; and unless it expects to submit its next student status confirmation report to the Secretary within the next 60 days, notify the Secretary within the next 60 days, notify the Secretary with 30 days if it discovers that a Direct Subsidized, Direct Unsubsidized, or Direct PLUS Loan has been made to or on behalf of student…"
Condition: The College did not report enrollment status changes for 9 out of 40 students (23%). We consider this condition to be a significant deficiency for the Special Tests and Provisions compliance requirement and is not a repeated finding. Statistical sampling was not used in making sample selections.
Questioned Costs: N/A
Cause and Effect: Since the College did not timely and accurately submit enrollment status information, there could be a delay to the start of the repayment period for students receiving direct loans.
Recommendation: We recommend that the College closely monitor enrollment reporting and implement additional controls to assure timely and accurate reporting.
Views of Responsible Officials: Management agrees with this Single Audit Finding and response is included in the Corrective Action Plan.