Finding 384227 (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.

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
  • 384226 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