Finding 42568 (2022-001)

FINDING NO. 2022-001 Federal Program: CFDA 84.268 Federal Direct Student Loan Category: Compliance ? Special tests and provisions ? Enrollment reporting. Criteria: 34 CFR 682.610 (c) (2) - The institution shall notify the guaranty agency or lender within 30 days if it discovers that a Stafford, SLS, or PLUS Loan has been made to or on behalf of a student who enrolled at the institution but has ceased to be enrolled on at least a half ?time basis, unless the institution expects to submit its next student status confirmation report to the Secretary within the next 60 days. Condition: The Institution did not notify the Secretary through the NSLDS in a timely manner the change in the enrollment status (withdrew/graduated) of two (2) students with federal loans during the academic period covering the fiscal year 2021 - 2022. Questioned Costs: No questioned costs were identified. Perspective Information: We examined the status change reporting of 25 students with federal loans during the fiscal year 2022. Effect: Failure to notify a change in enrollment status on time would preclude a lender from obtaining the necessary information in order to determine a student?s status for billing and other required procedures. Cause: The Institution was in the process of reviewing the procedures for identifying students who met the graduation requirements. Recommendation: The Registrar?s Office should improve the procedures to ascertain the timely notification of any change in status of students? recipients of Federal loans. Follow up procedures should be made to the implementation process of the Clearing House Enrolment Reporting System. Views of Responsible Officials and Planned Corrective Action: See Institution?s corrective action plan.