Finding Text
Federal Agency: Department of Education
Federal Program Title: Student Financial Aid Cluster
ALN Numbers: Multiple
Award Period: July 1, 2022 through June 30, 2023
Type of Finding:
Significant Deficiency in Internal Control Over Compliance
Other Matters
Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public.
Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC.
Questioned costs: None
Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer.
Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education.
Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer.
Repeat finding: No
Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete.
Views of responsible officials: There is no disagreement with the audit finding.