Finding 384249 (2023-005)

Significant Deficiency Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-25
Audit: 297400
Organization: Manhattan School of Music (NY)
Auditor: Crowe LLP

AI Summary

  • Issue: One out of fifteen samples had a student's status not reported to NSLDS.
  • Trend: The status change was reported over a year late, indicating a potential pattern of delays.
  • Follow-up: Review reporting processes to ensure timely updates to NSLDS for all student status changes.

Finding Text

For one out of fifteen samples tested, the students’ status was not reported to NSLDS. Additionally, the submission was not made in a timely manner. The student’s status change was reported to NSLDS more than a year after the change and after the student was selected for testing.

Corrective Action Plan

The school will continue to effectively streamline processes regarding leaves of absences and withdrawals and data entry into the Student Information System (SIS). In part, the separation dates will be manually entered with the National Student Clearinghouse (NSC). To note, the school permits students to take leave of absences (LOA) for up to two semesters, which is greater than the Federal Student Aid (FSA) allows (180 days). The Registrar’s Office codes students on leave with a separation date in our SIS, the student will also be coded as such with NSC. If the student does not return from a LOA after 180 days (6 months), the NSC student record will be updated to a withdrawn status effective one day before or one day after the leave began as recommended by NSC.

Categories

Student Financial Aid

Other Findings in this Audit

  • 384247 2023-003
    Significant Deficiency
  • 384248 2023-004
    Material Weakness
  • 384250 2023-001
    Material Weakness
  • 384251 2023-002
    Significant Deficiency
  • 960689 2023-003
    Significant Deficiency
  • 960690 2023-004
    Material Weakness
  • 960691 2023-005
    Significant Deficiency Repeat
  • 960692 2023-001
    Material Weakness
  • 960693 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $9.16M
84.138 Federal Perkins Loan Program $488,846
84.063 Federal Pell Grant Program $330,097
84.033 Federal Work-Study Program $97,909
84.007 Federal Supplemental Educational Opportunity Grants $75,195