Finding 3465 (2023-002)

Significant Deficiency Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2023-12-05
Audit: 5437
Organization: McPherson College (KS)

AI Summary

  • Core Issue: McPherson College reported incorrect enrollment status change dates for two students who withdrew, violating federal reporting guidelines.
  • Impacted Requirements: Compliance with 34 CFR 690.83(b)(2) and 34 CFR 685.309, which mandate accurate and timely reporting of student enrollment information.
  • Recommended Follow-Up: Provide training for staff on reporting requirements and enhance internal controls to ensure accurate review of effective dates.

Finding Text

2023-002 National Student Loan Data System (NSLDS) Enrollment Reporting Type of Finding – Significant Deficiency and Noncompliance Student Financial Assistance Cluster: Federal Direct Loans – CFDA 84.268 Criteria: 34 CFR 690.83(b)(2) and 34 CFR 685.309 provide regulations to institutions for the accurate and timely reporting of student enrollment information. Institutions must review, update, and verify student enrollment statuses, program information, and effective dates. The institution should have sufficient internal controls over program compliance to report information accurately and timely. Condition: Two students that withdrew from McPherson College were found to have status change effective dates reported to the NSLDS that were not compliant with enrollment reporting guidelines. Questioned Costs: None identified.Context: Out of a sample of 50 students with status changes, two students that withdrew were identified as having incorrect dates reported to the NSLDS. Effect: Dates reported to the Department of Education impact when students enter repayment on outstanding student loans. Incorrect dates reported to the Department of Education could cause a student to enter repayment at a time not in accordance with related regulations. Cause: The dates reported to the NSDLS included either the first or last day of fall or spring classes versus a withdraw date based on an interterm class. The internal controls over review of the effective dates reported to the NSLDS were not effective at preventing or detecting and correcting the reported effective dates. Identification as a Repeat Finding: This is a repeat finding of finding 2022-002 that was reported for the year ending June 30, 2022. Recommendation: We recommend the individual responsible for identifying effective status change dates for withdrawing students receive training on the requirements. We also recommend that the individual reviewing information reported to the NSLDS perform their review at a level of precision necessary to detect and correct dates reported inconsistent with related regulations. Views of Responsible Officials: McPherson College agrees with the finding and the recommendations.

Corrective Action Plan

We concur with the auditor’s finding. We have reviewed our processes related to the enrollment reporting of withdrawing students. The financial aid department has added a column in the tracking document to record the effective withdrawal date from NSLDS. On a weekly basis, the withdrawal dates from NSLDS will be compared to the withdrawal dates per the financial aid records to ensure the two dates are the same. Contact Person Responsible for Corrective Action: Andy Olsen, Director of Financial Aid; Rhianna Reed, Assistant Registrar Anticipated Completion Date: Corrective action was completed in October.

Categories

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

Other Findings in this Audit

  • 3466 2023-003
    Significant Deficiency Repeat
  • 579907 2023-002
    Significant Deficiency Repeat
  • 579908 2023-003
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $5.64M
84.063 Federal Pell Grant Program $1.38M
84.038 Federal Perkins Loans $675,592
84.425 Education Stabilization Fund $139,882
84.007 Federal Supplemental Educational Opportunity Grants $91,549
84.033 Federal Work-Study Program $63,249
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $16,974