Finding 636505 (2022-002)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-10-19
Audit: 55892
Organization: Toccoa Falls College, Inc. (GA)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The College failed to report enrollment data to NSLDS accurately and on time.
  • Impacted Requirements: This violates 34 CFR 690.83(b) and 34 CFR 685.309(b), affecting students' loan statuses.
  • Recommended Follow-Up: The financial aid team and registrar should collaborate to improve data accuracy for NSLDS reporting.

Finding Text

Enrollment Reporting to NSLDS Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The College 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(b) Questioned Costs: $0 Context: Out of 69 students tested, 3 students had ?No Record Found? reported to NSLDS due to incorrect Social Security Numbers. Cause: The registrar?s office was not completing timely reconciliations of enrollment statuses throughout the year. The financial aid office had notified the registrar of the discrepancies, but the corrections were not processed. 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 student financial aid team and registrar work together, potentially including information technology, to ensure the appropriate fields are captured from the system for NSLDS enrollment reporting. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

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

Other Findings in this Audit

  • 60060 2022-001
    Material Weakness
  • 60061 2022-002
    - Repeat
  • 60062 2022-001
    Material Weakness
  • 60063 2022-002
    - Repeat
  • 636502 2022-001
    Material Weakness
  • 636503 2022-002
    - Repeat
  • 636504 2022-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $4.21M
84.063 Federal Pell Grant Program $1.93M
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $1.56M
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $480,809
84.033 Federal Work-Study Program $201,245
84.007 Federal Supplemental Educational Opportunity Grants $93,368
84.425 Covid-19 Education Stabilization Fund Heerf - Strengthening Institutions $41