Finding Text
2022-004 Student Financial Assistance Program Cluster ? Department of Education Federal Financial Assistance Listing/CFDA #84.268 Federal Direct Student Loans - 2021/2022 P268K211430 Federal Financial Assistance Listing/CFDA #84.063 Federal Pell Grant Program - 2021/2022 P063P201430 Special Tests & Provisions: Enrollment Reporting Significant Deficiency in Internal Control Criteria: A student?s enrollment status determines eligibility for in-school status, deferment, and grace periods, as well as for the payment of interest subsidies to federal direct loan program loan holds by Education Department. Reporting in a timely and accurate manner is critical for effective management of the programs. An institution must submit student status changes to the National Student Clearing House, no later than 60 days after the Institution?s Determination Date. In addition, the enrollment effective date reported to the National Student Clearing House should be the same as the student?s last date of attendance for withdrawals. Condition: Two instances were noted where enrollment effective date reported to the National Student Clearing House as first effective was not the same as the student?s last date of attendance. Cause: The University did not submit the correct last date of attendance to the National Student Clearing House. Effect: Status The enrollment effective date reported to the National Student Clearing House was not reflective of the student?s last date of attendance. Questioned Costs: None Context/Sampling: Non-statistical sampling was performed. Two instances were identified in 60 students tested. 450 students had status changes during the year. Repeat Finding from Prior Years: No Recommendation: The University should implement controls to ensure student status changes are correctly processed in the National Student Clearing House. Views of Responsible Officials: Management agrees. Management?s complete response can be found in the separately issued corrective action plan.