Finding 512527 (2024-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-12-02
Audit: 330348
Organization: Pillar College and Subsidiaries (NJ)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The College failed to report enrollment information to NSLDS accurately and on time, affecting 6 out of 77 students tested.
  • Impacted Requirements: This violates 34 CFR 690.83(b) and 34 CFR 685.309, which mandate timely and accurate reporting.
  • Recommended Follow-Up: Implement a system for timely reporting and conduct regular spot checks on NSLDS statuses to ensure compliance.

Finding Text

Incorrect Enrollment Reporting to National Student Loan Data System (NSLDS) Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2023-2024 Award Year Condition: The College did not report enrollment information to the National Student Loan Data System (NSLDS) in a timely and accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $0 Context: Out of 77 students tested for proper NSLDS enrollment status, 2 students had not been reported to NSLDS, 1 student had not been properly reported as graduated to NSLDS, and 3 students had not been properly reported as withdrawn to NSLDS. All 6 students were updated during the audit process. Cause: A new update to the student information system had caused it to have issues processing NSLDS changes timely. The College is currently working with the student information system support to ensure the issue is resolved. Effect: Inaccurate reporting can impact a student's loan grace period, in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College put a system in place to ensure that enrollment is reported timely and accurately while the student information system issue is resolved. Additionally, we recommend that the College complete spot checks of NSLDS enrollment statuses throughout the year to ensure appropriate reporting. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

Reporting Student Financial Aid Eligibility Significant Deficiency Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 512524 2024-001
    Material Weakness Repeat
  • 512525 2024-001
    Material Weakness Repeat
  • 512526 2024-002
    Significant Deficiency
  • 1088966 2024-001
    Material Weakness Repeat
  • 1088967 2024-001
    Material Weakness Repeat
  • 1088968 2024-002
    Significant Deficiency
  • 1088969 2024-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $3.30M
84.063 Federal Pell Grant Program $2.34M
84.007 Federal Supplemental Educational Opportunity Grants $51,859
84.033 Federal Work-Study Program $44,314