Finding 608302 (2022-001)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-01-03
Audit: 27607
Organization: Stetson University, Inc. (FL)
Auditor: Rsm US LLP

AI Summary

  • Core Issue: The University failed to notify the National Student Loan Data System (NSLDS) about a student's enrollment status change within the required timeframe.
  • Impacted Requirements: Compliance with federal regulations mandates timely reporting of enrollment status changes to ensure proper management of student financial aid.
  • Recommended Follow-up: Implement a review process to ensure accurate and timely submissions to NSLDS, and develop a system for monitoring third-party servicer reporting of student status changes.

Finding Text

2022-001: Enrollment Reporting Identification of the federal program: U.S. Department of Education Student Financial Aid Cluster Criteria or specific requirement: Uniform Guidance for Student Financial Aid (SFA) Programs {III. Compliance Requirements, N. Special Tests and Provisions, 4. Enrollment Reporting? Compliance requirements (34 CFR 685.309 (b)(2)(i))} stipulates that unless it expects to submit its next updated enrollment report to the secretary within the next 60 days, the school must notify the secretary within 30 days after the date the school discovers that a loan under title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the school, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended. Condition: The University did not properly provide to the National Student Loan Data System (NSLDS) notification for one student who withdrew or graduated during fiscal year 2022. Cause: The University did not submit the status update in a timely manner. Effect or potential effect: Notification of change in enrollment status was not provided in a timely manner. Enrollment status is critical for effective management of the programs and determines eligibility for in-school status, deferment and grace periods that can affect the student. Questioned costs: None Context: We selected a total of 40 students to test that the change in student status for those who withdrew or graduated who had received Direct Loans was reported to the NSLDS within 30 days or was included in a SSCR (Student Status Confirmation Report) within 60 days from the date of the change in status. Management had a process in place to ensure timely notification; however, in this one instance, the student?s status was not updated in a timely manner by the University. Repeat finding: Yes (Finding 2021-001) Recommendation: We recommend management implement a review process to ensure that all degree transmissions submitted to its third-party servicer are complete and accurate, and timely, so that submissions to the NSLDS are also complete, accurate, and timely. We further recommend that the University develop a process to ensure that timely reporting of student status changes has been performed by its third-party servicer. Views of responsible officials: The University agrees with the finding. Refer to the University?s Corrective Action Plan.

Categories

Student Financial Aid Eligibility Reporting Matching / Level of Effort / Earmarking Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $47.09M
84.063 Federal Pell Grant Program $5.10M
84.425 Covid-19 Education Stabilization Fund $4.96M
84.038 Federal Perkins Loan Program $3.39M
84.007 Federal Supplemental Educational Opportunity Grants $686,813
97.036 Covid-19: Disaster Grants - Public Assistance (presidentially Declared Disasters) $618,158
84.033 Federal Work-Study Program $605,111
93.732 Mental and Behavioral Health Education and Training Grants $190,813
16.738 Edward Byrne Memorial Justice Assistance Grant Program $96,680
47.076 Education and Human Resources $69,857
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $68,717
11.417 Sea Grant Support $45,488
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $37,720
15.931 Conservation Activities by Youth Service Organizations $20,000
11.419 Coastal Zone Management Administration Awards $19,000
47.074 Biological Sciences $15,258
66.462 National Wetland Program Development Grants and Five-Star Restoration Training Grant $4,290