FAC Explorer

Finding 372131 (2023-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-04
Audit: 293430
Organization: Western New Mexico University (NM)
Auditor: Mp Group INC

AI Summary

  • Issue: One student’s graduation status is incorrectly reported as full-time.
  • Trend: This indicates potential gaps in compliance with reporting requirements.
  • Follow-up: Review and correct reporting processes to ensure accurate status updates for all students.

Finding Text

During our test work of internal controls over reporting requirements with the National Student Loan Data System (NSLDS), we noted the following instance of non-compliance in sample of forty-five: - One student graduated on 5/4/23, but Clearing House reflects the status of the student as full time.

Corrective Action Plan

Enrollment certifications will be sent to the National Student Clearninghouse on a monthly basis, no later than 10 days following the end of the month. The final degree file will be submitted no later than 30 days after the last day of class, with additional awards submitted individually. The Financial Aid Director will review all NSLDS errors.

Categories

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

Other Findings in this Audit

  • 372132 2023-003
    Significant Deficiency
  • 948573 2023-002
    Significant Deficiency
  • 948574 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $9.89M
21.027 Coronavirus State and Local Fiscal Recovery Funds $6.18M
84.063 Federal Pell Grant Program $5.51M
93.575 Child Care and Development Block Grant $907,385
84.425 Education Stabilization Fund $543,016
84.031 Higher Education_institutional Aid $296,050
84.033 Federal Work-Study Program $203,599
93.558 Temporary Assistance for Needy Families $136,930
84.002 Adult Education - Basic Grants to States $128,476
95.001 High Intensity Drug Trafficking Areas Program $118,359
84.007 Federal Supplemental Educational Opportunity Grants $115,312
93.568 Low-Income Home Energy Assistance $103,869
84.048 Career and Technical Education -- Basic Grants to States $93,833
93.859 Biomedical Research and Research Training $83,002
84.116 Fund for the Improvement of Postsecondary Education $68,580
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $49,101
10.223 Hispanic Serving Institutions Education Grants $42,159
10.326 Capacity Building for Non-Land Grant Colleges of Agriculture (nlgca) $31,082
11.307 Economic Adjustment Assistance $25,907
93.464 Acl Assistive Technology $20,873
45.024 Promotion of the Arts_grants to Organizations and Individuals $10,000
47.076 Education and Human Resources $7,111
45.025 Promotion of the Arts_partnership Agreements $6,500
15.945 Cooperative Research and Training Programs Ð Resources of the National Park System $4,932