Finding 1164305 (2025-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2025-12-10
Audit: 373721
Organization: Calvary University (MO)

AI Summary

  • Core Issue: The University failed to update and return NSLDS Enrollment Reporting Summary Reports on time, impacting accurate student enrollment status reporting.
  • Impacted Requirements: Timely reporting of enrollment changes to NSLDS is required within sixty days to ensure correct loan servicing and interest calculations.
  • Recommended Follow-Up: Ensure NSLDS reports are filed every sixty days, with manual updates made as necessary to address any technology issues.

Finding Text

Reporting Federal Agency: U.S. Department of Education; Office of Federal Student Aid Pass through Entity: Not Applicable Program Name: Federal Direct Student Loan Program ALN and Program Expenditure: 84.268 ($561,518) Award Number: P268K251726 Federal Award Year: July 1, 2024 to June 30, 2025 Questioned Costs: N/A Condition Found: The bi-monthly National Student Loan Database System (“NSLDS”) Enrollment Reporting Summary Reports were not updated and returned to NSLDS during the year ended June 30, 2025. Therefore, student enrollment status changes were not reported timely to NSLDS. Criteria: NSLDS informs loan servicers of changes in a student’s enrollment status that indicate when the repayments or interest accrual begins and ends. The date a student enrolls, withdraws, graduates, or drops below half-time status should be reported accurately. The University is required to report the change in a student’s enrollment status to NSLDS within sixty days of the change.Cause:The University staff struggled to gain access to the NSLDS system and file the reports. A report was able to be filed in July 2025. However, the CFO had to manually enter all of the changes and effective dates. Possible Asserted Effect:The loan services were not aware of the correct deferral, repayment, and interest calculation dates. Repeat Finding: See Finding 2024-001 for a similar finding in the prior year. Statistical Sampling: The sample was not intended to be, and was not, a statistically valid sample. Recommendation: The NSLDS enrollment status roster report should be filed every approximately every sixty days. Manual adjustments to an individual student’s enrollment status should be input as needed. Management Response: Management agrees with the auditors’ finding and their recommendation. The CFO has worked with the registrar and other University personnel to file the NSLDS reports. Eventually, the CFO updated enrollment status manually. A report was filed in July 2025. Going forward, the NSLDS enrollment status roster reports will be filed timely. If there is a technology issue, enrollment status changes will be input manually by University personnel.

Corrective Action Plan

Management agrees with the auditors’ finding and their recommendation. The CFO has worked with the registrar and other University personnel to file the NSLDS reports. Eventually, the CFO updated enrollment status manually. A report was filed in July 2025. Going forward, the NSLDS enrollment status roster reports will be filed timely. If there is a technology issues, enrollment status changes will be input manually by University personnel. Anticipated Completion Date: The corrective action was completed in July 2025. Contact Person: Tasha Young, CFO 816-425-6151

Categories

Student Financial Aid Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1164306 2025-002
    Material Weakness Repeat
  • 1164307 2025-002
    Material Weakness Repeat
  • 1164308 2025-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $561,518
84.063 FEDERAL PELL GRANT PROGRAM $423,936
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $10,703
84.033 FEDERAL WORK-STUDY PROGRAM $10,000