FAC Explorer

Finding 7437 (2023-001)

-
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-01-04
Audit: 9586
Organization: Los Angeles Chapter National Tooling & MacHining Association Training Centers Trust (CA)
Auditor: Vasquez & Company LLP

AI Summary

  • Core Issue: The institution submitted the enrollment roster file 25 days late, impacting compliance with reporting timelines.
  • Impacted Requirements: Timely completion and return of enrollment data to the National Student Loan Data System (NSLDS) are essential for accurate student loan tracking.
  • Recommended Follow-Up: Implement a process to ensure enrollment roster files are completed and returned within the required timeframe to avoid future delays.

Finding Text

Special Tests and Provision: Enrollment Reporting: Untimely Completion and Return of Enrollment Roster File in National Student Loan Data System (NSLDS) Per inspection of the Enrollment Reporting Summary Report (SCHER 1) report for period ending February 8, 2023, we noted that the Institution received enrollment roster files on May 2, 2022 and responded on June 7, 2022 or 25 days after the date of distribution.

Corrective Action Plan

The Institution understands the importance of this process and the finding associated with this oversight is valid. The Institution will improve internal practices for promptly reviewing and responding to the NSLDS enrollment roster within the stipulated 15-day timeframe. The institution will establish clear protocols for addressing errors on the NSLDS enrollment roster within the mandated 10-day period to ensure accurate and timely modifications. Personnel Responsible for Implementation: Danielle Skinner Position of Responsible Personnel: President Expected Date of Implementation: Immediate

Categories

Reporting Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $1.39M
84.063 Federal Pell Grant Program $642,047
84.268 Federal Direct Student Loans $462,959