Finding Text
2022-006 Department of Education Student Financial Aid Cluster CFDA # 84.033 ? Federal Work Study Program CFDA # 84.007 ? Federal Supplemental Educational Opportunity Grants (FSEOG) CFDA # 84.063 ? Federal Pell Grant Program CFDA # 84.268 ? Federal Direct Student Loans 2021-2022 Award Year Special Tests and Provisions: Disbursements to or on Behalf of Students ? Lack of Transfer Monitoring Significant Deficiency in Internal Controls over Compliance Criteria: 34 CFR 668.19 sets forth the criteria which requires Presentation College to inform NSLDS about transfer students in order for NSLDS to monitor those students and alert Presentation College of any relevant financial aid history changes. Condition: During 2022, out of the total of 60 students tested, 3 students were not properly reported as being required to be monitored by NSLDS. Cause: In the process of monitoring, 3 students were inadvertently missed, and it was not communicated to NSLDS to monitor those students. Effect: Students were missed in being monitored by NSLDS as required. Questioned Costs: None. Context/Sampling: A nonstatistical sample of 60 students who received Title IV disbursements out of 485 students who received aid. Repeat Finding from Prior Year(s): Yes. Recommendation: We recommend that at least monthly during the semester, reports are generated to ensure that all students that need to be included in transfer monitoring are added as required. Views of Responsible Officials: Management agrees with the finding.