Finding Text
Criteria or specific requirement: Per 34 CFR 685.309(b)(2)(i), and as outlined in the OMB Compliance Supplement Part 5, enrollment information related to a change in status must be reported to the National Student Loan Database System (NSLDS) within 15 days whenever attendance status changes for students, unless a roster will be submitted within 60 days.
Condition: During testing of underlying enrollment information, we identified the following:
• One student’s status change was not submitted to the NSLDS within 60 days.
Context: We tested a sample of 20 students. Of the 20 students, we noted one student had the exception noted above.
Questioned costs: None.
Cause: Per discussion with the College, the College submitted all degree students to their third-party servicer via a file that was processed on June 22, 2023. It was unknown by the College why the third-party servicer did not process certain students appropriately which caused them not to be reported to NSLDS in a timely manner.
Effect: The College is out of compliance with National Student Loan Database System (NSLDS) reporting requirements.
Repeat Finding: Yes. See 2022-002 in the summary schedule of prior audit findings.
Recommendation: We recommend the College evaluate its procedures and policies around reporting to NSLDS, including oversight and inquiry of the third-party servicer, to ensure that student information is reported accurately and timely.
Views of responsible officials and management’s response: The College agrees with the finding.