Finding 1205764 (2025-001)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-04-02

AI Summary

  • Core Issue: The University failed to report student enrollment status accurately and on time for the 2024-2025 award year.
  • Impacted Requirements: Compliance with 34 CFR 682.610, which mandates accurate reporting of all students' enrollment statuses.
  • Recommended Follow-Up: The University should reassess and improve its policies and procedures for NSLDS enrollment reporting to prevent future inaccuracies.

Finding Text

Assistance Listing Number: 84.268 Federal Award Year: 2024-2025 Federal Agency: Department of Education Federal Award Identification Number: P268K230377 (Direct Loan 2025) Pass-Through Agency: N/A Pass-Through Number(s): N/A Type of Finding: Significant Deficiency over Compliance Category of Finding: Special Tests- Student Enrollment Status Reporting Questioned Costs: $0 Condition: Incorrect or untimely reporting by the University of students’ changes in status during the 2024-2025 award year under audit. Criteria: The Code of Federal Regulations, 34 CFR 682.610, states that institutions must report accurately the enrollment status of all students regardless of whether they receive aid from the institution or not. This includes the enrollment effective date and related enrollment status, which must be reported for both the campus-level and the program-level as well as the program begin date. Cause: Lack of appropriate policy and procedure in place regarding NSLDS enrollment reporting for the year under audit. Context: This condition occurred for 5 out of 25 samples selected for testing. This was reported as a material weakness in the prior year audit. While improvements were made, the University still incorrectly reported student statuses. Effect: Non-compliance with federal regulations which could lead to untimely and incorrect reporting of enrollment information to NSLDS. Repeat Finding: Yes Recommendation: We recommend that the University revisit its corrective action and review their enrollment reporting policies and procedures to ensure accurate reporting. Views of Responsible Officials: There is no disagreement with the audit finding.

Corrective Action Plan

Richmont Graduate University has updated their policy for the Registrar to communicate to the Financial Aid Office AND the Administration Office when a student as fallen below half-time or has withdrawn/dropped all their coursework for the semester. The Registrar has updated the Add/Drop/Withdrawn form that requires her to sign that she has communicated to both offices. Hear is the updated for: Add/Drop/Withdrawn Form

Categories

Student Financial Aid Reporting Material Weakness Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 FEDERAL DIRECT STUDENT LOANS $3.59M
93.732 MENTAL AND BEHAVIORAL HEALTH EDUCATION AND TRAINING GRANTS $246,261
84.033 FEDERAL WORK-STUDY PROGRAM $82,940