Finding 638316 (2022-001)

-
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-10-18
Audit: 58543
Organization: Erskine College (SC)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The College failed to report enrollment information to the NSLDS accurately and on time.
  • Impacted Requirements: This violates federal regulations outlined in 34 CFR 690.83(b) and 34 CFR 685.309.
  • Recommended Follow-Up: Collaborate with the National Student Clearinghouse to improve reporting processes and conduct regular spot checks of enrollment statuses.

Finding Text

Incorrect Enrollment Reporting to National Student Loan Data System (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 Questioned Costs: None Context: Out of 69 students tested, there were 5 students whose enrollment status did not reflect their current enrollment status. Due to NSLDS system updates occurring during summer 2022, the College was not able to correct during the audit, but will correct once the system is allowing corrections to be made again. Cause: The registrar?s office was not completing timely reconciliations of enrollment statuses throughout the year. 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: Not applicable. Recommendation: We recommend that the College work with National Student Clearinghouse to put a system in place to ensure that enrollment is reported timely and accurately. Additionally, we recommend that the College complete spot checks of NSLDS enrollment statuses throughout the year. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

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

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $4.80M
84.063 Federal Pell Grant Program $1.69M
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $738,502
84.038 Federal Perkins Loan Program $453,196
84.007 Federal Supplemental Educational Opportunity Grants $116,947
84.033 Federal Work-Study Program $60,259
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $7,544