FAC Explorer

Finding 966213 (2023-001)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-03-29
Audit: 300663
Organization: Caribbean University, Inc. (PR)
Auditor: Baker Tilly Puerto Rico CPAS Psc

AI Summary

  • Answer: The Institution failed to promptly notify the Secretary about changes in enrollment status for four students with federal loans.
  • Trend: This issue indicates a recurring problem with timely reporting of student status changes.
  • List: Follow up by ensuring proper training on reporting requirements and implementing a tracking system for enrollment changes.

Finding Text

We observed that the Institution did not notify the Secretary through the NSLDS in a timely manner of the change in the enrollment status (withdrew/graduated) of four (4) students with federal loans during the academic period covering the fiscal year 2022-2023.

Categories

Student Financial Aid Matching / Level of Effort / Earmarking

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Program $7.39M
84.268 Federal Direct Student Loans $5.33M
84.425 Education Stabilization Fund $2.94M
84.033 Federal Work-Study Program $162,969
84.007 Federal Supplemental Educational Opportunity Grants $150,349
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $10,161