FAC Explorer

Finding 960691 (2023-005)

Significant Deficiency Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-25
Audit: 297400
Organization: Manhattan School of Music (NY)
Auditor: Crowe LLP

AI Summary

  • Issue: One out of fifteen samples had a student's status not reported to NSLDS.
  • Trend: The status change was reported over a year late, indicating a potential pattern of delays.
  • Follow-up: Review reporting processes to ensure timely updates to NSLDS for all student status changes.

Finding Text

For one out of fifteen samples tested, the students’ status was not reported to NSLDS. Additionally, the submission was not made in a timely manner. The student’s status change was reported to NSLDS more than a year after the change and after the student was selected for testing.

Categories

Student Financial Aid

Other Findings in this Audit

  • 384247 2023-003
    Significant Deficiency
  • 384248 2023-004
    Material Weakness
  • 384249 2023-005
    Significant Deficiency Repeat
  • 384250 2023-001
    Material Weakness
  • 384251 2023-002
    Significant Deficiency
  • 960689 2023-003
    Significant Deficiency
  • 960690 2023-004
    Material Weakness
  • 960692 2023-001
    Material Weakness
  • 960693 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $9.16M
84.138 Federal Perkins Loan Program $488,846
84.063 Federal Pell Grant Program $330,097
84.033 Federal Work-Study Program $97,909
84.007 Federal Supplemental Educational Opportunity Grants $75,195