Finding 24033 (2022-004)

Significant Deficiency Repeat Finding
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-05-07
Audit: 19960
Organization: Cottey College (MO)

AI Summary

  • Core Issue: The College failed to accurately report enrollment status changes for 2 out of 8 students to NSLDS, violating federal regulations.
  • Impacted Requirements: Regulations require enrollment changes to be reported within 30 days, with accurate effective dates, and corrections made within 10 days for any errors.
  • Recommended Follow-Up: The College should review and improve its reporting procedures to ensure compliance with NSLDS requirements.

Finding Text

Federal Agency: Department of Education Federal Program: Student Financial Assistance Cluster Assistance Numbers: 84.007 ? Federal Supplemental Education Opportunity Grants 84.033 ? Federal Work Study Program 84.063 ? Federal Pell Grant Program 84.268 ? Federal Direct Student Loans Award Period: July 1, 2021 to June 30, 2022 Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 685.309 requires that enrollment status changes for students be reported to NSLDS within 30 days or within 60 days if the student with the status change will be reported on a scheduled transmission within 60 days of the change in status. Regulations require the status include an accurate effective date. In addition, regulations require that an institution make necessary corrections and return the records within 10 days for any roster files that don?t pass the NSLDS enrollment reporting edits. Condition: During our testing, we noted 2 of the 8 students? enrollment date per institution's record did not match the date reported to NSLDS. Questioned Costs: None Context: During our testing, we noted 2 of the 8 students enrollment date was not properly reported to NSLDS. Cause: The College processes and controls did not ensure that student status changes and effective dates were properly reported to NSLDS. The effective date should be the student's last date of attendance and academically-related activity. Effect: The NSLDS system is not updated with the correct student information which can cause a student to not properly enter the repayment period. Repeat Finding: Yes - 2021-003 Recommendation: We recommend the College review its reporting procedures to ensure the students' statuses and effective dates are accurately reported to NSLDS as required by regulations. View of Responsible Official: There is no disagreement with the audit finding.

Corrective Action Plan

NSLDS Reporting CFDA No: 84.007; 84.033; 84.038; 84.063; 84.268; 84.379 Recommendation: We recommend the College review its reporting procedures to ensure the students' statuses and effective dates are accurately reported to NSLDS as required by regulations. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: The withdrawal process has been updated to include a review of the official withdrawal date by both the Registrar and Director of Financial Aid. This will ensure that the withdrawal date reported to Jenzabar, NSLDS, R2T4 and all internal reporting is accurate. Going forward, the Director of Financial Aid will review the draft withdrawal date from the Registrar?s Office. If discrepancy or concerns are found, the Director of Financial Aid will email the Registrar, they will then work together to determine the correct date of withdrawal. Once this date is confirmed, R2T4 and NSLDS reporting will take place. Name(s) of the contact person(s) responsible for corrective action: Hannah Masters and William Stanfill Planned completion date for corrective action plan: 05/04/2023

Categories

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

Other Findings in this Audit

  • 24031 2022-002
    Significant Deficiency
  • 24032 2022-003
    Significant Deficiency
  • 24034 2022-002
    Significant Deficiency
  • 24035 2022-003
    Significant Deficiency
  • 24036 2022-004
    Significant Deficiency Repeat
  • 24037 2022-002
    Significant Deficiency
  • 24038 2022-003
    Significant Deficiency
  • 24039 2022-004
    Significant Deficiency Repeat
  • 24040 2022-002
    Significant Deficiency
  • 24041 2022-003
    Significant Deficiency
  • 24042 2022-004
    Significant Deficiency Repeat
  • 24043 2022-005
    Significant Deficiency
  • 24044 2022-005
    Significant Deficiency
  • 600473 2022-002
    Significant Deficiency
  • 600474 2022-003
    Significant Deficiency
  • 600475 2022-004
    Significant Deficiency Repeat
  • 600476 2022-002
    Significant Deficiency
  • 600477 2022-003
    Significant Deficiency
  • 600478 2022-004
    Significant Deficiency Repeat
  • 600479 2022-002
    Significant Deficiency
  • 600480 2022-003
    Significant Deficiency
  • 600481 2022-004
    Significant Deficiency Repeat
  • 600482 2022-002
    Significant Deficiency
  • 600483 2022-003
    Significant Deficiency
  • 600484 2022-004
    Significant Deficiency Repeat
  • 600485 2022-005
    Significant Deficiency
  • 600486 2022-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $999,516
84.063 Federal Pell Grant Program $637,109
84.425 Education Stabilization Fund $431,091
84.033 Federal Work-Study Program $29,746
84.007 Federal Supplemental Educational Opportunity Grants $18,741