Finding Text
Finding ? Special Tests and Provisions: Enrollment Reporting ? Federal Direct Student Loan Program, Assistance Listing Number 84.268; June 30, 2022 Award Year; U.S. Department of Education Criteria or Specific Requirement Enrollment information, including the effective date of separation from the institution, must be accurately reported within 30 days whenever attendance changes for a student, unless a roster will be submitted within 60 days. The changes include reductions or increases in attendance levels, withdrawals, graduations, and approved leaves-of absence. It is the institution?s responsibility, as a participant in the Title IV aid programs, to monitor and report these changes to the National Student Loan Data System (?NSLDS?). (NSLDS Enrollment Reporting Guide September 2021, and 34 CFR 685.309(b)) Condition Of the 40 students selected for enrollment reporting testing, two students within the sample were reported to NSLDS outside the maximum 60-day window. This was not a statistically valid sample. Cause The School only reports status changes during the summer if a Title IV borrower is enrolled during the School's summer term. In both instances identified, both students withdrew after the completion of the Spring 2022 semester and such withdrawn statuses were not communicated to NSLDS until commencement of the Fall 2022 semester. Effect A student?s enrollment status determines eligibility for in-school status, deferment, grace periods, and repayments, as well as the government?s payment of interest subsidies. The notification of student status changes to NSLDS will cause a student to enter into a grace period and determine a repayment date and, therefore, accurate and timely notification of student status to NSLDS is important. Questioned Costs None noted. Identification as a Repeat Finding This is not a repeat finding. Recommendation Status changes relating to all Title IV borrowers should be reported year-round. Views of Responsible Officials and Corrective Actions See corrective action plan.