Finding 529817 (2024-001)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-03-24

AI Summary

  • Issue: The Institution failed to notify the Secretary about changes in enrollment status for two students with federal loans.
  • Trend: This delay in reporting could lead to compliance issues and affect federal loan management.
  • Recommendation: Implement a system to ensure timely updates on student enrollment changes to avoid future lapses.

Finding Text

We observed that the Institution did not notify the Secretary through the NSLDS in a timely manner of the change in the enrollment status (withdrew/graduated) of two (2) students with federal loans during the academic period covering the fiscal year 2023-2024

Corrective Action Plan

A series of seminars will be scheduled in coordination with the National Clearinghouse and the employees of the Registration Office, Economic Assistance and the Technology Office (ITS). A date monitoring process will be established so that Degree Audit report certifications are submitted at the correct time.A process will be established to validate that the information entries in the NSLDS have been made correctly and correspond to the date of the report sent by the university.The Director of the Registry Office will be in charge of ensuring that these reports are completed in all their parts and on time, seeking to eliminate all possible errors and thus eliminate the possibility of findings in the future.

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $4.07M
84.268 Federal Direct Student Loans $1.68M
84.042 Trio Student Support Services $550,181
84.033 Federal Work-Study Program $142,561
84.007 Federal Supplemental Educational Opportunity Grants $63,053
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $60,960