Finding 520895 (2024-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-01-31
Audit: 340765
Organization: Bryant University (RI)
Auditor: Kpmg LLP

AI Summary

  • Core Issue: The University reported one student's enrollment change to NSLDS 40 days late, missing the 60-day deadline.
  • Impacted Requirements: A total of 88 students were affected by inaccurate reporting of enrollment changes.
  • Recommended Follow-Up: Review and improve processes for timely reporting to ensure compliance with NSLDS requirements.

Finding Text

The University utilizes the National Student Clearinghouse (the Clearinghouse) as a service provider for transmissions of its enrollment reporting changes to the National Student Loan Data System (NSLDS). The University receives the Enrollment Reporting Roster and updates it for changes in student status. The file is sent to the Clearinghouse who transmits the updated information to NSLDS. Of the 40 students with enrollment changes we selected for test work, we noted that for one student, the University did not report the student’s status or enrollment change accurately to NSLDS within the required 60 days period. The student identified in our sample as being reported late submitted a withdrawal form during the summer term and did not enroll in the fall semester. The University reported all summer withdrawals during the first fall roster submission. The student identified was reported 40 days late. After further analysis provided by the University, there were a total of 88 students who were impacted by this issue.

Categories

Student Financial Aid Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 520894 2024-001
    Significant Deficiency
  • 1097336 2024-001
    Significant Deficiency
  • 1097337 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $25.11M
84.063 Federal Pell Grant Program $2.19M
84.038 Federal Perkins Loan Program $1.57M
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $1.31M
84.033 Federal Work-Study Program $540,149
84.007 Federal Supplemental Educational Opportunity Grants $248,707
59.061 State Trade and Export Promotion Pilot Grant Program $78,499
43.008 Office of Stem Engagement (ostem) $50,824
47.083 Integrative Activities $15,129
47.076 Stem Education (formerly Education and Human Resources) $7,622
93.859 Biomedical Research and Research Training $4,968