FAC Explorer

Finding 384080 (2023-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-25
Audit: 297199
Organization: Universidad Adventista De Las Antillas, Inc. (PR)
Auditor: Baker Tilly Puerto Rico CPAS Psc

AI Summary

  • Issue: The Institution failed to notify the Secretary about changes in enrollment status for eight students with federal loans.
  • Trend: This delay in reporting occurred during the fiscal year 2022-2023.
  • Follow-up: Ensure timely updates to the NSLDS for all student enrollment status changes moving forward.

Finding Text

We observed that the Institution did not notify the Secretary through the NSLDS in a timely manner of the change in the enrollment status (withdrew/graduated) of eight (8) students with federal loans during the academic period covering the fiscal year 2022-2023.

Corrective Action Plan

As soon as this was known, the ITS depa1tment was informed and they began the process to correct the error in the E-Cams system. A meeting was coordinated with the Registty Office, Financial Assistance and the Vice Presidency of Finance, to outline processes and establish control measures to detect errors, such as the one mentioned in the reporting, on time.

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 960522 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $3.85M
84.268 Federal Direct Student Loans $1.39M
84.042 Trio_student Support Services $223,481
84.033 Federal Work-Study Program $142,561
84.007 Federal Supplemental Educational Opportunity Grants $82,892
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $35,379