Finding 1130359 (2024-001)

-
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-04-03
Audit: 352568
Auditor: Dalcpa

AI Summary

  • Core Issue: A student's enrollment status was incorrectly reported to NSLDS, affecting loan deferments and other benefits.
  • Impacted Requirements: Compliance with 34 CFR 682.610 (c) for timely and accurate enrollment status reporting.
  • Recommended Follow-Up: Ensure adherence to internal procedures for accurate and timely NSLDS enrollment reporting moving forward.

Finding Text

Finding 2024-001: NSLDS Status Reporting Error Criteria: In accordance with 34 CFR 682.610 (c), Institutions are to report the enrollment status of students who received Title IV aid to NSLDS. This enrollment information is updated in NSLDS and, as appropriate, is reported to guarantors, lenders, and servicers of federal student loans. A student’s enrollment status determines eligibility for in-school status, deferment and grace periods as well as for the Department’s payment of interest subsidies to loan holders. SSCR/Enrollment Reporting is not only critical for effective administration of the Title IV student loan programs but is also required so that the Department can engage in budgetary and policy analysis. Condition: A student status was not reported to NSLDS in a correct way. Cause: The Institution did not follow its own procedures to ensure that NSLDS enrollment reporting was submitted correctly and in a timely manner. Effect: The USDOE does not have timely and accurate information pertaining to student's enrollment status which can affect loan deferments among other things. Nature, Extent of Issue, and Questioned Costs: In 1 instance out of 61 files reviewed, the student’s enrollment status change was not reported to NSLDS in a correct manner. Upon notification from the Auditor, the Institution updated the effective date on the student’s NSLDS enrollment reporting. No. of Students FPELL FDLP FSEOG Total Universe 216 0 5,018,915 0 5,018,915 Sample Size 61 0 1,299,472 0 1,299,472 Sample for this Attribute 61 0 1,299,472 0 1,299,472 Instances of Non Compliance 1 0 10,271 0 10,271 Level of Materiality Immaterial Recommendation: We recommend that the Institution continue to follow its own procedures to ensure that all future enrollment reporting is submitted both correctly and timely. Views of Responsible Official: The Institution concurs with this finding and has procedures in place as outlined in the Corrective Action Plan to ensure compliance with requirements.

Categories

Student Financial Aid Matching / Level of Effort / Earmarking Eligibility Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $4.92M