Finding 607710 (2022-003)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-03-14
Audit: 32190
Organization: North Park University (IL)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The University failed to report enrollment data to NSLDS accurately and on time, affecting student loan statuses.
  • Impacted Requirements: Non-compliance with 34 CFR 690.83(b) and 34 CFR 685.309, leading to potential financial repercussions for students.
  • Recommended Follow-Up: Collaborate with NSC to address submission issues and implement regular spot checks on NSLDS reports for accuracy.

Finding Text

Enrollment Reporting to National Student Loan Data System (NSLDS) Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) in a timely and accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 60 students tested for proper NSLDS enrollment status, 26 students had not been reported to NSLDS, 6 students had graduated but were reported as still attending, 1 student had graduated but was reported as withdrawn to NSLDS, 2 students had not been properly reported as withdrawn to NSLDS, 1 student was still enrolled but was reported as graduated, 1 student was enrolled but was reported as withdrawn, and 3 students were reported with incorrect enrollment status, of which 1 makes a difference in repayment. This results in 37 of 40 incorrect reporting affecting the student?s interest charges and/or grace period. Cause: The registrar?s office was not submitting accurate information timely throughout the year. 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, 2021-001 Recommendation: We recommend the University work with NSC to identify the underlying cause of the submission issues and to spot check NSLDS after each submission to ensure the reporting is accurate. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

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

Other Findings in this Audit

  • 31268 2022-003
    Material Weakness Repeat
  • 31269 2022-003
    Material Weakness Repeat
  • 607711 2022-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $12.44M
84.063 Federal Pell Grant Program $4.06M
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $3.24M
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $3.13M
84.038 Federal Perkins Loan Program $1.24M
84.425 Covid-19 Education Stabilization Fund Heerf - Minority Serviing Institutions $663,032
93.364 Nursing Student Loans $661,352
84.007 Federal Supplemental Educational Opportunity Grants $413,850
84.033 Federal Work-Study Program $123,618
47.076 Stem Education $90,088
97.036 Covid-19 Disaster Grants - Public Assistance (presidentially Declared Disasters) $58,498