Finding 369432 (2023-007)

-
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-02-15
Audit: 290607
Organization: Newberry College (SC)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The College failed to report enrollment changes to NSLDS accurately and on time.
  • Impacted Requirements: This violates 34 CFR 690.83(b) and 34 CFR 685.309, affecting students' loan statuses.
  • Recommended Follow-Up: Implement a system for timely reporting of withdrawn students and conduct regular reconciliations and spot checks.

Finding Text

Enrollment Reporting to NSLDS DEPARTMENT OF EDUCATION ALN #: 84.268 Federal Direct Loans and 84.063 Federal Pell Grants Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College 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690.83(b) and 34 CFR 685.309 Questioned Costs: $0 Context: Out of 75 students tested, 7 students were not reported as withdrawn to NSLDS. All students were corrected during the audit. Cause: The registrar’s office was not updating NSLDS in a timely manner when students were reported as withdrawn. 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: Not applicable. Recommendation: We recommend the College put a system in place to ensure that withdrawn students are reported as withdrawn in NSLDS in a timely manner. We recommend that the College complete reconciliations of enrollment status periodically and complete spot checks of enrollment statuses to NSLDS regularly. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

Enrollment Reporting to NSLDS Planned Corrective Action: We have created a process with specific individuals responsible for updating and submitting the roster timely; train staff and create and follow policies and procedures to ensure no delays in reporting a change in status. We have designated an individual to pull a statistical report from NSLDS to verify the reporting is updated for each period of enrollment. Person Responsible for Corrective Action Plan: Marilyn Eason, Registrar Anticipated Date of Completion: This problem should be resolved when Newberry moves to the J1 platform this spring. It is expected enrollment reporting will be automated by the summer of 2024.

Categories

Student Financial Aid Reporting Eligibility Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $24.29M
84.268 Federal Direct Student Loans $10.09M
84.063 Federal Pell Grant Program $3.46M
84.425 Covid-19 Education Stabilization Fund Heerf - Strengthening Institutions Program $377,730
84.007 Federal Supplemental Educational Opportunity Grants $169,094
84.033 Federal Work-Study Program $103,200
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $7,544