Finding Text
Criteria: At minimum, schools are required to verify enrollment every 60 days. Condition and Context: The College did not report status changes for various students, primarily withdrawn students, within a timely manner as required. Known Questioned Costs: None, reporting requirement not met. Cause: The College reports status changes through the Registrar?s Office every 30 to 45 days. However, the Financial Aid Office did not reconcile with the Registrar?s Office during this time period which caused the College to not meet the timely requirements. Effect: The College was out of compliance with the requirement to report status changes in a timely manner. Recommendation: The College should implement policies to report status changes in students on a more frequent basis to ensure compliance with the reporting requirements. The College should also consider creating a training manual for any future new hires to learn the requirements related to federal aid scholarships.