Finding Text
Incorrect Enrollment Reporting to National Student Loan Data System (NSLDS)
Other Matter
DEPARTMENT OF EDUCATION
ALN #: 84.268 and 84.063
Federal Award Identification #: 2023-2024 Financial Aid 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 67 students tested, 2 students were reported as no record found though both had Title IV aid.
Cause: The University was not completing timely reconciliations of enrollment statuses throughout the year. One of the students started and withdrew before the fall 23 enrollment reporting was completed. Both students were corrected as part of the audit process.
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: n/a
Recommendation: We recommend the College put a system in place to ensure that the College is completing reconciliations of enrollment status periodically, and that the College is completing spot checks of enrollment statuses to NSLDS.
Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.