Finding 35885 (2022-001)

-
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-10-17
Audit: 30155
Organization: St. Olaf College (MN)

AI Summary

  • Core Issue: Late reporting of enrollment status for 3 out of 25 students, exceeding the 60-day requirement.
  • Impacted Requirements: Title IV regulations mandate timely updates and accurate reporting of student enrollment statuses to the Secretary.
  • Recommended Follow-Up: Implement new policies for timely reporting and establish a secondary review process to ensure compliance with reporting deadlines.

Finding Text

Criteria: Title IV regulations (34 CFR 685.309(b)) require that upon receipt of an enrollment report from the Secretary, institutions must update all information included in the report and return the report to the Secretary: (i) in the manner and format prescribed by the Secretary; and (ii) within the timeframe prescribed by the Secretary. Unless it expects to submit its next updated enrollment report to the Secretary within the next 60 days, an institution must notify the Secretary within 30 days after the date the institution discovers that: (i) a loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended or (ii) a student who is enrolled at the institution and who received a loan under Title IV of the Act has changed his or her permanent address. Condition: For 3 of 25 students included in our sample, the enrollment status of withdrawn were reported late (61 days after the determination date of separation). The sample was not a statistically valid sample. Cause: The College?s procedures for reporting students? enrollment statuses at the end of the fall semester did not get included in the preliminary reporting for the spring semester and then did get included in the final reporting at the beginning of the spring semester however that was just beyond the 60 days timeframe requirement. Effect: The accuracy of Title IV student loan records depends heavily on the accuracy of the enrollment information reported by institutions. If an institution does not review, update, and verify student enrollment statuses, effective dates of the enrollment status, and the anticipated completion dates, then the Title IV student loan records will be inaccurate. Questioned Costs: Not applicable Context: Not applicable. Recommendation: It is recommended that policies and procedures are put in place to ensure that the correct enrollment status dates and enrollment statuses are reported to the NSLDS within the required timeframes. Management?s Response: Management considers this to be an isolated incident, however, additional controls will be put in place in order to prevent this from happening in the future. Beginning in September 2022, a second Registrar?s Office staff member will complete an additional review of the National Student Clearinghouse status for all students withdrawing after a particular semester. This secondary review will be completed at the end of January and at the end of June in order to ensure the 60-day reporting period is met.

Corrective Action Plan

October 14, 2022 U.S. Department of Education 400 Maryland Avenue, SW Washington, D.C. 20202 Re: Corrective Action Plan Finding 2022-001: Federal Direct Student Loan Enrollment Reporting Program: Federal Direct Loan Programs Assistance Listing Number (ALN): 84.268 Federal Agency: U.S. Department of Education Federal Award Identification Number: P268K22059 Federal Award Year: June 30, 2022 Condition: For 3 of 25 students included in our sample, the enrollment status of withdrawn were reported late (61 days after the determination date of separation). The sample was not a statistically valid sample. Corrective Action Plan Management agrees with the finding, and is committed to strengthening its procedures to avoid similar issues in the future. Beginning in September 2022, a second Registrar?s Office staff member will complete an additional review of the National Student Clearinghouse status for all students withdrawing after a particular semester. This secondary review will be completed at the end of January and at the end of June in order to ensure the 60 day reporting period is met. Nathan Engle Controller

Categories

Student Financial Aid Matching / Level of Effort / Earmarking Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $10.36M
84.063 Federal Pell Grant Program $3.00M
84.425 Education Stabilization Fund $2.69M
84.038 Federal Perkins Loan Program $2.62M
84.047 Trio_upward Bound $793,525
84.033 Federal Work-Study Program $454,953
84.007 Federal Supplemental Educational Opportunity Grants $385,647
84.044 Trio_talent Search $364,493
84.042 Trio_student Support Services $294,631
84.217 Trio_mcnair Post-Baccalaureate Achievement $259,223
45.162 Promotion of the Humanities_teaching and Learning Resources and Curriculum Development $91,554
47.050 Geosciences $38,966
47.076 Education and Human Resources $38,851
47.074 Biological Sciences $35,119
47.041 Engineering $18,509
93.364 Nursing Student Loans $14,212
45.149 Promotion of the Humanities_division of Preservation and Access $9,075
93.273 Alcohol Research Programs $3,832
45.301 Museums for America $-326