Finding 33834 (2022-004)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-11-08
Audit: 31739
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: There were errors in reporting student enrollment dates to the National Student Clearing House, affecting eligibility for federal financial assistance.
  • Impacted Requirements: Institutions must report student status changes within 60 days and ensure the enrollment effective date matches the last date of attendance.
  • Recommended Follow-Up: The University should establish better controls to ensure accurate processing of student status changes.

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.

Categories

Student Financial Aid Special Tests & Provisions Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties Eligibility Reporting Significant Deficiency

Other Findings in this Audit

  • 33826 2022-002
    Material Weakness Repeat
  • 33827 2022-003
    Material Weakness Repeat
  • 33828 2022-004
    Significant Deficiency
  • 33829 2022-002
    Material Weakness Repeat
  • 33830 2022-003
    Material Weakness Repeat
  • 33831 2022-004
    Significant Deficiency
  • 33832 2022-001
    Material Weakness Repeat
  • 33833 2022-003
    Material Weakness Repeat
  • 610268 2022-002
    Material Weakness Repeat
  • 610269 2022-003
    Material Weakness Repeat
  • 610270 2022-004
    Significant Deficiency
  • 610271 2022-002
    Material Weakness Repeat
  • 610272 2022-003
    Material Weakness Repeat
  • 610273 2022-004
    Significant Deficiency
  • 610274 2022-001
    Material Weakness Repeat
  • 610275 2022-003
    Material Weakness Repeat
  • 610276 2022-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.58M
84.063 Federal Pell Grant Program $1.35M
84.031 Higher Education_institutional Aid $817,999
84.038 Federal Perkins Loan Program $581,255
93.264 Nurse Faculty Loan Program (nflp) $398,144
93.364 Nursing Student Loans $262,752
84.007 Federal Supplemental Educational Opportunity Grants $148,548
84.033 Federal Work-Study Program $85,170
97.067 Homeland Security Grant Program $32,856
84.425 Education Stabilization Fund $11,705
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $3,772