Finding 1130124 (2024-002)

Late Reporting to National Student Loan Data System (NSLDS) Federal agency: U.S. Department of Education Federal program title: Federal Direct Student Loan ALN: 84.268 Condition: For 3 of 23 (13%) sampled students the College did not report withdrawal and/or graduation dates to NSLDS within the 60-day requirement. Criteria: According to the compliance supplement and 2 CFR Part 200 (Uniform Guidance), institutions must report enrollment status changes, including withdrawals and graduations, to the NSLDS within 60 days of the change. Cause: The College's enrollment reporting system lacked adequate controls to ensure timely submission of enrollment status changes to the NSLDS. Effect: Delayed reporting of withdrawal, graduation, and half-time status change dates could result in inaccurate student loan records, potential overpayments, and non-compliance with federal regulations. Known and Likely Questioned Costs: None Recommendation: Implement a tracking and reporting system to ensure that all enrollment status changes are reported to the NSLDS within the required 60-day period. Regular training for staff on compliance requirements and periodic audits of the reporting process are also recommended.