Finding 1186601 (2025-001)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-03-25
Audit: 394300
Organization: Summit Academy Oic (MN)

AI Summary

  • Core Issue: The Academy failed to report accurate student enrollment data to NSLDS, with discrepancies found in 3 out of 60 cases.
  • Impacted Requirements: The Academy did not comply with 34 CFR 685.309(b), which mandates timely and accurate reporting of enrollment status changes.
  • Recommended Follow-Up: The Academy should reassess and improve its procedures for reporting enrollment status changes to ensure compliance and accuracy.

Finding Text

2025 – 001: Special Testing - NSLDS Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster – Various Assistance Listing Numbers: Various Federal Award Identification Number and Year: Various Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: July 1, 2024, through June 30, 2025 Type of Finding: • Significant Deficiency in Internal Control Over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.309(b), states schools must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The school is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date as well as program enrollment effective date. Changes to a students' status are required to be reported within 30 days of becoming aware of the status change, or with the next scheduled transmission of statuses if the scheduled transmission is within 60 days. Condition: During our testing, we noted 3 out of the 60 students' enrollment effective report to NSLDS did not match the Academy's records. Questioned costs: None Context: During our testing, it was noted the Academy does not have a process in place to ensure timeliness and accuracy of NSLDS reporting. Cause: The Academy did not have a process in place to ensure the effective dates reported matched the Academy’s records. Effect: The enrollment effective date reported to NSLDS is used to determine when the student’s grace period should begin. By not reporting an incorrect effective date, the grace period begin date for the student will be incorrect. In addition, the Academy did not comply with Department of Education (ED) regulations by reporting student enrollment status changes timely. Repeat finding: Yes - see 2024-002 Recommendation: We recommend the Academy reevaluate its procedures and review policies surrounding reporting status changes to NSLDS to put a process in place to ensure the student status changes are being reported timely. Views of responsible officials: There is no disagreement with the audit finding.

Corrective Action Plan

Student Financial Assistance Cluster – Assistance Listing No. Various Recommendation: We recommend the Academy reevaluate its procedures and review policies surrounding reporting status changes to NSLDS to put a process in place to ensure the student status changes are being reported timely. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: The Financial Aid Manager will run reports every thirty days and students will be certified in NSLDS every 30 days to ensure their enrollment status is reported in a timely manner. The Financial Aid Manager is also tracking the NSLDS changes on a spreadsheet. Name(s) of the contact person(s) responsible for corrective action: Rachael Farnell Planned completion date for corrective action plan: 07/01/2025

Categories

Student Financial Aid Reporting Significant Deficiency Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1186591 2025-001
    Material Weakness Repeat
  • 1186592 2025-002
    Material Weakness Repeat
  • 1186593 2025-003
    Material Weakness Repeat
  • 1186594 2025-004
    Material Weakness Repeat
  • 1186595 2025-005
    Material Weakness Repeat
  • 1186596 2025-001
    Material Weakness Repeat
  • 1186597 2025-002
    Material Weakness Repeat
  • 1186598 2025-003
    Material Weakness Repeat
  • 1186599 2025-004
    Material Weakness Repeat
  • 1186600 2025-005
    Material Weakness Repeat
  • 1186602 2025-002
    Material Weakness Repeat
  • 1186603 2025-003
    Material Weakness Repeat
  • 1186604 2025-004
    Material Weakness Repeat
  • 1186605 2025-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.063 FEDERAL PELL GRANT PROGRAM $1.66M
17.289 COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING $773,653
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $35,410
84.033 FEDERAL WORK-STUDY PROGRAM $12,727