2023-018 Enrollment Reporting to the National Student Loan Database System (NSLDS)
Condition: Certain students' enrollment information was not reported accurately or timely to the NSLDS.
Status: See current year finding 2024-013
Reason for finding's recurrence: Turnover in student financial aid, along with inherited challenges in processes, controls, accounting, and documentation, resulted in a recurring finding.
Corrective Action: See the University's 2024 Corrective Action Plan.
2023-019 Federal Perkins Loan Program Record Retention
Condition: Certain loan master promissory notes (MPN) were not retained for the three-year retention period.
Status: See current year finding 2024-009
Reason for finding's recurrence: Turnover in student financial aid, along with inherited challenges in processes, controls, accounting, and documentation, resulted in a recurring finding.
Corrective Action: See the University's 2024 Corrective Action Plan.
2023-020 Direct Loan Reconciliation
Condition: Direct loan reconciliations between the Common Origin and Disbursement website (COD), G5, and student accounts did not have evidence of being reviewed.
Status: See current year finding 2024-014
Reason for finding's recurrence: Turnover in student financial aid, along with inherited challenges in processes, controls, accounting, and documentation, resulted in a recurring finding.
Corrective Action: See the University's 2024 Corrective Action Plan.
2023-021 Federal Perkins Loan Program Third-Party Servicer
Condition: There is no oversight or review of the controls at the third-party servicer by the University.
Status: See current year finding 2024-015
Reason for finding's recurrence: Turnover in student financial aid, along with inherited challenges in processes, controls, accounting, and documentation, resulted in a recurring finding.
Corrective Action: See the University's 2024 Corrective Action Plan.