Finding 642602 (2022-001)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2022-10-16
Audit: 62040
Organization: Dallas Theological Seminary (TX)
Auditor: Capincrouse LLP

AI Summary

  • Core Issue: The Seminary inaccurately reported enrollment for 11 out of 25 students to the NSLDS.
  • Impacted Requirements: This violates 34 CFR 685.309(b) regarding accurate enrollment reporting.
  • Recommended Follow-Up: The registrar, financial aid director, and third-party servicer should collaborate to identify communication breakdowns and ensure accurate reporting in the future.

Finding Text

Enrollment Reporting to National Student Loan Data System (NSLDS) Significant Deficiency U.S. DEPARTMENT OF EDUCATION ALN #: 84.268, Federal Direct Student Loans Federal Award Identification #: 2021-2022 Financial Aid Year Condition: The Seminary did not accurately report all enrollment for students during the year. Criteria: 34 CFR 685.309(b) Questioned Costs: $-0- Context: 11 of 25 students did not have the correct enrollment status reported. The Seminary uses a third party servicer, and the University can see that records were created and submitted to the third party servicer for these students. The Seminary is investigating the root cause of these exceptions and is in the process of correcting the affected students. Cause: The Seminary was in the process of system conversion during the year, as well as the employee responsible for enrollment reporting left the Seminary before the audit timeframe. Additionally, the records submitted to the third party servicer do not appear to be reflected in NSLDS. Effect: Enrollment was not reported accurately for all students during the year. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the registrar and financial aid director and the third party servicer work together to determine what the root cause of information and communication breakdowns and implement a plan to accurately report all students going forward. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.

Categories

Student Financial Aid Reporting Significant Deficiency Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.51M
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $572,258
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $497,336