Finding 513934 (2024-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2024-12-12
Audit: 332144
Organization: Fort Hays Tech North Central (KS)
Auditor: Loyd Group LLC

AI Summary

  • Core Issue: Graduate status changes were not fully updated in the NSLDS system.
  • Impacted Requirements: The College must report all student status changes to the NSLDS accurately.
  • Recommended Follow-Up: Ensure clear communication with the Clearinghouse about which file to use for updates.

Finding Text

Condition: Not all Graduate status changes were updated in the NSLDS system. Criteria: The College is responsible for reporting student status changes to the NSLDS. Cause: Miscommunication between the Clearinghouse and College on which file is used to update the degree status. Effect: Loan repayment status was not started on time. Perspective: College reports using the National Student Clearinghouse. The College believed the Clearinghouse was using the Degree Verify file to update the status, but the Clearinghouse was using the Enrollment File in mid-May. Recommendation: We agree with the College’s plan of action below.ures and catching up submissions.

Categories

Student Financial Aid Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 513933 2024-001
    Significant Deficiency
  • 1090375 2024-001
    Significant Deficiency
  • 1090376 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.90M
84.063 Federal Pell Grant Program $1.18M
17.289 Apprenticeship USA Grants $352,174
84.425 Education Stabilization Fund $298,000
84.048 Career and Technical Education -- Basic Grants to States $206,913
21.027 Coronavirus State and Local Fiscal Recovery Funds $29,116
84.007 Federal Supplemental Educational Opportunity Grants $16,680
84.033 Federal Work-Study Program $5,087