FSA-2015-6828

The results of our audit identified deficiencies in internal control and/or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards or OMB Circular A-133. These items included the following: The College disbursed federal funds to ineligible students; the College had incorrect amounts returned for students who withdrew from the College and funds that were returned were not timely; the College did not provide the required notices to students who received loan funds, including the loan amount and the student's right to cancel; the College did not timely report enrollment status changes for students who received federal student aid to the National Student Loan Data System (NSLDS); and the College did not report disbursement data timely to the Department of Education or perform the necessary reconciliation to prevent omissions or late reporting. Details about each item are provided in the Audit Findings, Recommendations, and Responses section of the report.