FAC Explorer

Finding 607001 (2022-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-03-26
Audit: 33151
Organization: Manhattan School of Music (NY)
Auditor: Crowe LLP

AI Summary

  • Answer: Three out of forty student records had inaccurate status reporting to NSLDS.
  • Trend: This indicates a potential pattern of reporting issues that could affect compliance.
  • List: Follow up on correcting the inaccurate statuses and ensure timely submissions moving forward.

Finding Text

For three out of forty samples tested, the students? status was not accurately reflected to the NSLDS. Additionally, the submission was not made in a timely manner

Categories

Student Financial Aid

Other Findings in this Audit

  • 30556 2022-002
    Significant Deficiency
  • 30557 2022-002
    Significant Deficiency
  • 30558 2022-002
    Significant Deficiency
  • 30559 2022-002
    Significant Deficiency
  • 30560 2022-002
    Significant Deficiency
  • 30561 2022-001
    Significant Deficiency
  • 30562 2022-001
    Significant Deficiency
  • 606998 2022-002
    Significant Deficiency
  • 606999 2022-002
    Significant Deficiency
  • 607000 2022-002
    Significant Deficiency
  • 607002 2022-002
    Significant Deficiency
  • 607003 2022-001
    Significant Deficiency
  • 607004 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $8.92M
84.U38 Federal Perkins Loan $532,204
84.063 Federal Pell Grant Program $350,947
84.425 Education Stabilization Fund $52,000
84.033 Federal Work-Study Program $37,825
84.007 Federal Supplemental Educational Opportunity Grants $36,881