Finding 578558 (2023-002)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2023-11-19
Audit: 3665
Organization: Dallas Christian College (TX)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The College incorrectly reported enrollment for one student to the NSLDS, failing to mark their withdrawal.
  • Impacted Requirements: This violates 34 CFR 685.309, affecting loan grace periods and repayment timelines.
  • Recommended Follow-Up: Implement a system to ensure accurate withdrawal reporting and conduct regular spot checks on enrollment statuses.

Finding Text

Incorrect Enrollment Reporting to National Student Loan Data System (NSLDS) DEPARTMENT OF EDUCATION ALN #: 84.268 Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not report enrollment information to the National Student Loan Data System (NSLDS) correctly for one student. Criteria: 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 51 students tested, 1 student who withdrew after the fall semester was not reported as withdrawn. This was corrected during the audit process. Cause: This was an oversight. 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: Yes, 2022-002. Recommendation: We recommend the College put a system in place to ensure that students who leave after one semester are reported as withdrawn and that the College is completing spot checks of enrollment statuses to NSLDS.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.

Categories

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

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $1.59M
84.063 Federal Pell Grant Program $611,435
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $25,523
84.033 Federal Work-Study Program $23,199
84.007 Federal Supplemental Educational Opportunity Grants $14,625
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $3,772
84.425 Covid-19 Education Stabilization Fund Heerf - Strengthening Institutions $1,169