Finding 45883 (2022-001)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2022-10-09
Audit: 40498
Auditor: Blue & CO LLC

AI Summary

  • Core Issue: The University failed to report one out of 37 withdrawn students to the NSLDS within the required 30 days.
  • Impacted Requirements: This violates 34 CFR 685.309, which mandates timely reporting of student enrollment status changes to ensure accurate loan repayment tracking.
  • Recommended Follow-Up: Establish internal controls to ensure all withdrawn students are reported to NSLDS on time, with designated staff responsible for verification and compliance.

Finding Text

Condition: Timely reporting of withdrawn student to the National Student Loan Data System (NSLDS). Criteria: Per 34 CFR 685.309, unless the school expects to complete its next enrollment report within 60 days, the school must notify the lender or the guaranty agency within 30 days, if it discovers that a student who received a loan either did not enroll or ceased to be enrolled on at least a half-time basis. The school is responsible for timely reporting whether they report directly or via a third-party servicer. Cause: The University did not have a control in place to ensure that timely reporting of withdrawal status changes is occurring. Effect: Without notification, the NSLDS is not timely updated of change in status for students who have withdrawn or graduated. Timely notification allows the NSLDS to determine when a student enters repayment status. Context: Out of a sample of 37 students who had withdrawn, 1 student was not reported timely to the National Student Loan Data System (NSLDS). Recommendation: We recommend that internal controls be established to verify that students who have received a loan and ceased enrollment are reported to the guaranty agency within a timely manner. Views of the University and planned corrective action: The University agrees with this finding and summary. The University did not have sufficient control measures in place to ensure that every student?s change in enrollment status was reported to NSLDS in a timely manner. To improve the University?s Title IV regulatory compliance and to ensure that all changes in students? enrollment status are correctly reported to NSLDS in a timely manner, the Director of Enrollment Management and Financial Aid will continue to report a withdrawn student directly to NSLDS within 30 days of a student withdrawing from the University and the Associate Director of Financial Aid will review NSLDS once notification of a students? withdrawal has been received to ensure the withdrawn status has been reported timely. Responsible parties: Rainie Boggs, Director of Enrollment Management and Financial Aid and Andrew Dezarn, Associate Director of Financial Aid Estimated completion date: August 15, 2022

Corrective Action Plan

2022-001 Finding Frontier Nursing University (the University) did not report 1 student who withdrew to National Student Loan Data System (NSLDS) in a timely manner. Summary The University does not have a control in place to ensure students who withdrew from the University are reported timely to NSLDS. Views of the University and Planned Corrective Action The University agrees with this finding and summary. The University did not have sufficient control measures in place to ensure that every student?s change in enrollment status was reported to NSLDS in a timely manner. To improve the University?s Title IV regulatory compliance and to ensure that all changes in students? enrollment status are correctly reported to NSLDS in a timely manner, the Director of Enrollment Management and Financial Aid will continue to report a withdrawn student directly to NSLDS within 30 days of a student withdrawing from the University and the Associate Director of Financial Aid will review NSLDS once notification of a students? withdrawal has been received to ensure the withdrawn status has been reported timely. Responsible Parties: Rainie Boggs, Director of Enrollment Management and Financial Aid and Andrew Dezarn, Associate Director of Financial Aid Estimated Completion Date: August 15, 2022.

Categories

Student Financial Aid Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $43.85M
93.264 Nurse Faculty Loan Program (nflp) $1.28M
93.178 Nursing Workforce Diversity $560,900
93.732 Mental and Behavioral Health Education and Training Grants $412,644