Finding Text
Enrollment Reporting to National Student Loan Data System (NSLDS) Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) in a timely and accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 60 students tested for proper NSLDS enrollment status, 26 students had not been reported to NSLDS, 6 students had graduated but were reported as still attending, 1 student had graduated but was reported as withdrawn to NSLDS, 2 students had not been properly reported as withdrawn to NSLDS, 1 student was still enrolled but was reported as graduated, 1 student was enrolled but was reported as withdrawn, and 3 students were reported with incorrect enrollment status, of which 1 makes a difference in repayment. This results in 37 of 40 incorrect reporting affecting the student?s interest charges and/or grace period. Cause: The registrar?s office was not submitting accurate information timely throughout the year. Effect: Inaccurate reporting can impact a student?s loan grace period, in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-001 Recommendation: We recommend the University work with NSC to identify the underlying cause of the submission issues and to spot check NSLDS after each submission to ensure the reporting is accurate. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.