Finding Text
CRITERIA - PER 34 CFR 668.22(A)(1), WHEN A RECIPIENT OF TITLE IV GRANT OR LOAN ASSISTANCE WITHDRAWS FROM AN INSTITUTION DURING A PAYMENT PERIOD OR PERIOD OF ENROLLMENT IN WHICH THE RECIPIENT BEGAN ATTENDANCE, THE INSTITUTION MUST DETERMINE THE AMOUNT OF TITLE IV GRANT OR LOAN ASSISTANCE THAT THE STUDENT EARNED AS OF THE STUDENT'S WITHDRAWL DATE AND RETURN THE PORTION OF UNUSED FUNDS TO THE DEPARTMENT OF EDUCATION WITHIN 45 DAYS OF THE DATE OF DETERMINATION. CONDITION AND CONTEXT - OF OUR SAMPLE OF 51 STUDENT FILES, NINE CASES WERE NOTED WHERE THE STUDENT'S ENROLLMENT STATUS DID NOT AGREE WITH NSLDS. THIS IS NOT A REPEAT FINDING. CAUSE - STAFFING CHANGES OCCURRED AT THE COLLEGE DURING THE YEAR WHICH AFFECTED THE OPPORTUNITY FOR ADEQUATE REVIEW OF STUDENT ENROLLMENT STATUS WITH NSLDS. POTENTIAL EFFECT - IMPROPER REPORTING OF STUDENT ENROLLMENT STATUS COULD AFFECT LOAN DEFERMENTS, GRACE PERIODS, AND THE REQUIREMENTS FOR PAYMENT OF PRINCIPAL AND INTEREST. RECOMMENDATION - WE RECOMMEND THAT THE COLLEGE PERFORM A REVIEW OF STUDENT ENROLLMENT STATUS TO ENSURE THAT COLLEGE RECORDS AGREE WITH NSLDS. VIEWS OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTION - THE COLLEGE HAS PROVIDED TRAINING TO EMPLOYEES AND IMPLEMENTED REVIEW PROCEDURES TO ENSURE ACCURACY OF REPORTING STUDENT STATUS FOR THE NEXT FISCAL YEAR.