Finding 1172923 (2025-005)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-02-09
Audit: 386308
Organization: Randall University (OK)

AI Summary

  • Core Issue: Timely reporting of student enrollment status changes to NSLDS was only done for 9 out of 17 students tested.
  • Impacted Requirements: Enrollment status changes must be reported within 60 days to comply with federal guidelines.
  • Recommended Follow-Up: The new Student Financial Aid Director and Registrar should collaborate to ensure accurate and timely updates to NSLDS.

Finding Text

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 Expenditures: 84.268 ($866,312) Award Number: P268K253315 Federal Award Year: July 1, 2024 to June 30, 2025 Questioned Costs: N/A Condition Found: During our compliance testing, student enrollment status changes were reported to the National Student Loan Database System (“NSLDS”) timely for nine of the seventeen students selected for testing. Criteria: Student enrollment status changes must be reported to NSLDS within sixty days of the enrollment status change. Cause: There was an interim financial aid director during the fiscal year. There was confusion about whose responsibility it was to update enrollment status in NSLDS. Possible Asserted Effect: Loan servicers were not informed of the students’ enrollment status changes timely. Thus, the servicers did not know when repayment should begin. Repeat Finding: There was not 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 Student Financial Aid Director and Registrar should work together to make sure NSLDS is updated timely and accurately. Management Response: A new Student Financial Aid Director was hired in July 2025. The Student Financial Aid Director and Registrar will work together to determine and report student enrollment status changes within the required timeframe to NSLDS.

Corrective Action Plan

FINDING 2025-005– NSLDS Reporting Program Name: Federal Direct Student Loan Program ALN and Program Expenditures: 84.268 ($866,312) Award Number: P268K253315 Federal Award Year: July 1, 2024 to June 30, 2025 Questioned Costs: N/A Condition Found: During our compliance testing, student enrollment status changes were reported to the National Student Loan Database System (“NSLDS”) timely for nine of the seventeen students selected for testing. Corrective Action Plan: A new Student Financial Aid Director was hired in July 2025. The Student Financial Aid Director and Registrar will work together to determine and report student enrollment status changes within the required timeframe to NSLDS. Anticipated Completion Date: The University anticipates the corrective action being completed by March 31, 2026. Contact Person: Brad Burnett, Director of Financial Aid 405-912-9000

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1172914 2025-001
    Material Weakness Repeat
  • 1172915 2025-001
    Material Weakness Repeat
  • 1172916 2025-001
    Material Weakness Repeat
  • 1172917 2025-002
    Material Weakness Repeat
  • 1172918 2025-003
    Material Weakness Repeat
  • 1172919 2025-003
    Material Weakness Repeat
  • 1172920 2025-004
    Material Weakness Repeat
  • 1172921 2025-004
    Material Weakness Repeat
  • 1172922 2025-004
    Material Weakness Repeat
  • 1172924 2025-006
    Material Weakness Repeat
  • 1172925 2025-007
    Material Weakness Repeat
  • 1172926 2025-008
    Material Weakness Repeat
  • 1172927 2025-009
    Material Weakness Repeat
  • 1172928 2025-009
    Material Weakness Repeat
  • 1172929 2025-010
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $866,312
84.063 FEDERAL PELL GRANT PROGRAM $509,088
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $5,400
84.033 FEDERAL WORK-STUDY PROGRAM $0
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $0
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $0