Finding 384226 (2023-003)

-
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-25
Audit: 297334
Organization: Hannibal-Lagrange University (MO)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The University inaccurately reported enrollment information to NSLDS, affecting 7 out of 66 students tested.
  • Impacted Requirements: Compliance with 34 CFR 690.83(b) and 34 CFR 685.309 is necessary for accurate enrollment reporting.
  • Recommended Follow-Up: Implement a system for timely and accurate reporting, including regular spot checks of NSLDS enrollment statuses.

Finding Text

Enrollment Reporting to National Student Loan Data System (NSLDS) DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) in an accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 66 students tested for proper NSLDS enrollment status, 7 students had not been properly reported as graduated to NSLDS. Cause: The University submitted accurate information to their third-party administrator however the University had not performed periodic checks to ensure that student information was uploaded to NSLDS accurately. 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: N/A Recommendation: We recommend the University put a system in place to ensure that enrollment is reported timely and accurately. Additionally, we recommend the University complete spot checks of NSLDS enrollment statuses throughout the year including a graduation spot check after each academic term. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Corrective Action Plan

Enrollment Reporting to National Student Loan Data System (NSLDS) Planned Corrective Action: A representative from the Registrar’s Office will meet monthly with a representative of the Financial Aid Office to provide spot-checks and quality assurance to the student information uploaded to NSLDS. Student information is uploaded to the NSLDS monthly, so this should provide another layer of assurance each time information is submitted. An internal deadline and standing meeting will be established to ensure consistent compliance. Person Responsible for Corrective Action Plan: Joseph D. Garner III, Registrar Anticipated Date of Completion: The new process will begin April, 2024.

Categories

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

Other Findings in this Audit

  • 384221 2023-002
    Significant Deficiency Repeat
  • 384222 2023-002
    Significant Deficiency Repeat
  • 384223 2023-002
    Significant Deficiency Repeat
  • 384224 2023-002
    Significant Deficiency Repeat
  • 384225 2023-002
    Significant Deficiency Repeat
  • 384227 2023-003
    -
  • 960663 2023-002
    Significant Deficiency Repeat
  • 960664 2023-002
    Significant Deficiency Repeat
  • 960665 2023-002
    Significant Deficiency Repeat
  • 960666 2023-002
    Significant Deficiency Repeat
  • 960667 2023-002
    Significant Deficiency Repeat
  • 960668 2023-003
    -
  • 960669 2023-003
    -

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.02M
84.063 Federal Pell Grant Program $713,286
84.038 Federal Perkins Loan Program $172,308
84.425 Covid-19 Education Stabilization Fund Heerf-Student Aid Portion $67,314
84.007 Federal Supplemental Educational Opportunity Grants $48,695
84.033 Federal Work-Study Program $36,608