Finding 610819 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 35710
Organization: Michigan Barber School (MI)

AI Summary

  • Core Issue: The institution failed to report enrollment status changes for nine students to NSLDS on time.
  • Impacted Requirements: Timely reporting to NSLDS is essential for compliance with federal regulations.
  • Recommended Follow-Up: Review and revise policies to ensure timely reporting and collaborate with the Title IV Servicer to prevent future errors.

Finding Text

2022-001 FINDING 2022-001-Late Notification to NSLDS N The Institution had not timely reported enrollment status changes for nine (9) students to the National Student Loan Data System (NSLDS) A. Comments on Findings and Recommendations The Institution agree with the finding and Auditor's recommendation. B. Actions Taken or Planned In comparing the NSLDS reports with the school's student records, we agree there was a variation in the dates. We will review our current policy and procedures and make necessary revisions to ensure timely future NSLDS reporting. We have also contacted our Title IV Servicer in regard to resolving this instance. We will work closely with our Servicer to avoid this type error in the future. Status of Corrective Actions on Prior Findings The audit report contains the Auditors Comment on Resolution Matters relating to Prior Year Audit Findings.

Categories

Student Financial Aid Reporting Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 34377 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $656,476
84.425 Education Stabilization Fund $800