Finding Text
Finding 2022-002: NSLDS Status Reporting Error Criteria: In accordance with 34 CFR 682.610 (c), Institutions are to report the enrollment status of students who received Title IV aid to NSLDS. This enrollment information is updated in NSLDS and, as appropriate, is reported to guarantors, lenders, and servicers of federal student loans. A student?s enrollment status determines eligibility for in-school status, deferment and grace periods as well as for the Department?s payment of interest subsidies to loan holders. SSCR/Enrollment Reporting is not only critical for effective administration of the Title IV student loan programs, but is also required so that the Department can engage in budgetary and policy analysis. Condition: One student status was not reported to NSLDS in a timely manner. Cause: The Institution did not follow its ordinary procedures to ensure that NSLDS enrollment reporting was submitted correctly and in a timely manner. Effect: The USDOE does not have timely information pertaining to student's enrollment status which can affect loan deferments among other things. Nature, Extent of Issue, and Questioned Costs: In 1 instance out of 65 files reviewed, of which NSLDS data for 45 students was reviewed, the students? enrollment status change was not reported to NSLDS in a timely manner. In this instance, the withdrawn status was first reported to NSLDS 205 days after the student?s last date of attendance. Recommendation: We recommend that the Institution enact stronger controls to ensure that all future enrollment reporting is submitted timely. Views of Responsible Official: The Institution concurs with this finding and has procedures in place as outlined in the Corrective Action Plan to ensure compliance with requirements.