Finding 45101 (2022-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-10-20
Audit: 40457
Organization: Mount Saint Mary College (NY)
Auditor: Crowe

AI Summary

  • Core Issue: One student's status was incorrectly reported to the NSLDS, showing a withdrawal instead of half-time enrollment.
  • Impacted Requirements: Accurate reporting to NSLDS is crucial for compliance and student record integrity.
  • Recommended Follow-Up: Review the reporting process with the third-party service to ensure accurate updates to NSLDS in the future.

Finding Text

For one out of 40 samples tested, the student?s status was not accurately reflected to the NSLDS. The College utilizes a third party service company to administer reporting to the NSLDS. Although the College reported the accurate status to the third party, NSLDS was inaccurately updated. The student was in a 5-year program where both the undergraduate and graduate degree are issued concurrently once all requirements are met. The student completed all credit bearing courses in the Fall of 2021 and was required to take an exam during his spring semester to graduate. The most recent NSLDS reporting indicated a withdrawal status effective December 2021 instead of half-time per the College?s records. Further, the student?s school records indicated graduated effective May 2022.

Categories

Student Financial Aid Reporting

Other Findings in this Audit

  • 45099 2022-001
    Significant Deficiency
  • 45100 2022-001
    Significant Deficiency
  • 45102 2022-001
    Significant Deficiency
  • 45103 2022-001
    Significant Deficiency
  • 45104 2022-001
    Significant Deficiency
  • 45105 2022-001
    Significant Deficiency
  • 621541 2022-001
    Significant Deficiency
  • 621542 2022-001
    Significant Deficiency
  • 621543 2022-001
    Significant Deficiency
  • 621544 2022-001
    Significant Deficiency
  • 621545 2022-001
    Significant Deficiency
  • 621546 2022-001
    Significant Deficiency
  • 621547 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $15.89M
84.063 Federal Pell Grant Program $2.36M
84.U38 Federal Perkins Loan Program $357,243
93.364 Nursing Student Loans $153,725
84.007 Federal Supplemental Educational Opportunity Grants $112,963
84.033 Federal Work-Study Program $97,200
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $36,777