Finding 1158230 (2024-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-09-30

AI Summary

  • Core Issue: Enrollment status reporting was inaccurate and not timely, affecting compliance with federal regulations.
  • Impacted Requirements: Institutions must report enrollment updates within fifteen days, as stated in 34 CFR 685.309.
  • Recommended Follow-Up: Update enrollment dates in NSLDS and strengthen controls in the Financial Aid department to prevent future errors.

Finding Text

FINDING 2024-001: Inaccurate and Untimely Enrollment Status Reporting FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN#: 84.268 FEDERAL AWARD YEAR: 2023-2024 & 2024-2025 Compliance Requirement: Special Tests and Provisions - Reporting (L.) Criteria:InstitutionsarerequiredtoprovideenrollmentupdateresponsestotheEnrollmentReportingRoster File within fifteen days of receipt (34 CFR 685.309). Condition: We tested thirty-seven files and enrollment status effective dates were either incorrectly reported or not reported to the National Student Loan Data System (NSLDS) for three students. Additionally, the Institution did not provide enrollment update responses in a timely manner for the months of January 2024, May 2024, June 2024 and September 2024. April 2024 and November 2024 submissions were not completed. We consider this finding to be a material weakness. This finding is repeated and was reported in the prior year as 2023-001. Cause: The condition was caused by oversights within the Financial Aid department. Effect or Potential Effect: The result is the Department of Education was not made aware of the changes in student statuses in a timely manner and students’ enrollment dates were reported to NSLDS inaccurately or were missing. Questioned Costs: N/A Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution update the effective dates in NSLDS and increase controls over enrollment reporting. ViewsofResponsibleOfficials:TheInstitutionagreeswiththeSingleAuditFindingandaresponseisincluded in the Corrective Action Plan.

Corrective Action Plan

Finding 2025-001: Inaccurate and Untimely Enrollment Status Reporting Comments on Finding and Recommendations: Statement of Concurrence: We concur with the finding of Inaccurate and Untimely Enrollment Status Reporting The inaccuracies and delays were mainly the result of our scheduling process. Currently, we update enrollment maintenance every two months, typically on the day prior to the scheduled dates. We now understand that enrollment status updates must be completed within 15 days after the scheduled date. Actions Taken or Planned: We have reviewed the enrollment maintenance schedule and adjusted our process to ensure compliance with the requirement. Moving forward, enrollment status will be updated within 15 days after the scheduled date. This adjustment will be fully implemented starting from the next scheduled update on 09/30/2025. 9/26/2025 Dong-Hua Yang MD, PhD Date Title: Administrative Dean Telephone: 516-739-1545 Email: administrative_dean@nyctcm.edu

Categories

Student Financial Aid Reporting Special Tests & Provisions Material Weakness

Other Findings in this Audit

  • 1158231 2024-002
    Material Weakness Repeat
  • 1158232 2024-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $915,859