EIN: 020223339
UEI: D6XNSNYVF2H1
Audited by: BDMP Assurance, LLP
Oversight agency: 84 [Department of Education]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 10, 2025. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by June 10, 2026 (82 days ago).
What is a management decision? →Information on the Federal Program: Federal Agency: United States Department of Health and Human Services Program Name: Nurse Education, Practice, Quality and Retention Assistance Listing Number: 93.359 Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2025 Specific Requirement: Required by 2 CFR, Part 200 for federally funded programs, when an institution enters into a covered transaction with an entity or individual, the institution must verify that the vendor and/or employee is not suspended or debarred or otherwise excluded from participating in federal programs. Generally, a covered transaction is a transaction expected to equal or exceed $25,000 and be funded with federal dollars. This verification may be accomplished by checking the System for Award Management (SAM), or by adding a clause or condition to the covered transaction. Condition Found: During our audit, we noted that management did not review the SAM for employees meeting the covered transaction threshold. Context: We noted there were three employees exceeding $25,000 funded by the program. Based on our testing, none of the employees exceeding the $25,000 limit were included in the SAM and received payments funded by the University’s major programs. Questioned Costs: None. Cause and Effect: The University was aware of the requirement to verify vendors and employees and they have a process established as part of their year-end close, but the review was not completed. Since this process was not performed, there is a greater risk of vendors and employees that are included on the SAM being disbursed funds through federal funds. Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend that the University follow established procedures for comparing vendors and employees against the SAM and maintain documentation that the comparison has been performed. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan on page 44.
Show full finding ▾Hide full finding ▴Information on the Federal Program: Federal Agency: United States Department of Health and Human Services Program Name: Nurse Education, Practice, Quality and Retention Assistance Listing Number: 93.359 Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2025 Specific Requirement: Required by 2 CFR, Part 200 for federally funded programs, when an institution enters into a covered transaction with an entity or individual, the institution must verify that the vendor and/or employee is not suspended or debarred or otherwise excluded from participating in federal programs. Generally, a covered transaction is a transaction expected to equal or exceed $25,000 and be funded with federal dollars. This verification may be accomplished by checking the System for Award Management (SAM), or by adding a clause or condition to the covered transaction. Condition Found: During our audit, we noted that management did not review the SAM for employees meeting the covered transaction threshold. Context: We noted there were three employees exceeding $25,000 funded by the program. Based on our testing, none of the employees exceeding the $25,000 limit were included in the SAM and received payments funded by the University’s major programs. Questioned Costs: None. Cause and Effect: The University was aware of the requirement to verify vendors and employees and they have a process established as part of their year-end close, but the review was not completed. Since this process was not performed, there is a greater risk of vendors and employees that are included on the SAM being disbursed funds through federal funds. Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend that the University follow established procedures for comparing vendors and employees against the SAM and maintain documentation that the comparison has been performed. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan on page 44.
The Controller will revise current processes to include documented review of employees against SAM prior to expending against federal awards. Updated procedures will be documented and Controller’s office staff will be trained on the new procedures. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8501 Anticipated Completion Date: December 31, 2025
FAC accepted this audit on December 30, 2024 — management decision was due June 30, 2025.
Finding Number: 2024-001 Information on the Federal Program: Federal Agency: United States Department of Education (ED) Program Name: Student Financial Assistance Cluster Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2024 Specific Requirement: Required by 34 CFR 668.164, a Title IV, Higher Education Act (HEA) credit balance must be paid directly to the student or parent as soon as possible, but no later than (1) fourteen days after the balance occurred if the credit balance occurred after the first day of class of a payment period; or (2) fourteen days after the first day of class of a payment period if the credit balance occurred on or before the first day of class of that payment period. Condition Found: During our audit, we noted that credit balances were not refunded to students and/or parents within the 14-day requirement. Context: There was one credit balance refund batch during the year where payments occurred outside of the 14 days. Questioned Costs: None. Cause and Effect: The University is aware of the requirement to refund credit balances on student accounts to students and/or parents within 14 days of the end of the payment period. The University completed a system conversion during the year ended June 30, 2024, which included the accounts payable system. This refund period was the first batch processed and failed. When the batch was reprocessed, the payments to students and parents occurred outside of the 14 days. Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend that the University process credit balance refunds with enough time to reprocess payments within the 14-day window. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan on page 44.
Show full finding ▾Hide full finding ▴Finding Number: 2024-001 Information on the Federal Program: Federal Agency: United States Department of Education (ED) Program Name: Student Financial Assistance Cluster Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2024 Specific Requirement: Required by 34 CFR 668.164, a Title IV, Higher Education Act (HEA) credit balance must be paid directly to the student or parent as soon as possible, but no later than (1) fourteen days after the balance occurred if the credit balance occurred after the first day of class of a payment period; or (2) fourteen days after the first day of class of a payment period if the credit balance occurred on or before the first day of class of that payment period. Condition Found: During our audit, we noted that credit balances were not refunded to students and/or parents within the 14-day requirement. Context: There was one credit balance refund batch during the year where payments occurred outside of the 14 days. Questioned Costs: None. Cause and Effect: The University is aware of the requirement to refund credit balances on student accounts to students and/or parents within 14 days of the end of the payment period. The University completed a system conversion during the year ended June 30, 2024, which included the accounts payable system. This refund period was the first batch processed and failed. When the batch was reprocessed, the payments to students and parents occurred outside of the 14 days. Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend that the University process credit balance refunds with enough time to reprocess payments within the 14-day window. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan on page 44.
The Director of Students Accounts will review current processes and implement the recommendation to process refunds earlier in the 14-day window. Updated procedures will be documented, and the Student Accounts Office staff will be trained on the new procedures. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8501 Anticipated Completion Date: December 31, 2024
FAC accepted this audit on March 28, 2024 — management decision was due September 28, 2024.
FAC accepted this audit on December 14, 2022 — management decision was due June 14, 2023.
Finding Number:2022-003 Information on the Federal Program: Federal Agency: United States Department of Education (ED) Program Name: COVID-19 ? Education Stabilization Funds (Part B) AL: 84.425 Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Required by 2 CFR, Part 200 for federally funded programs, when an institution enters into a covered transaction with an entity or individual, the institution must verify that the vendor is not suspended or debarred or otherwise excluded from participating in federal programs. Generally, a covered transaction is a transaction expected to equal or exceed $25,000 and be funded with federal dollars. This verification may be accomplished by checking the System for Award Management (SAM), or by adding a clause or condition to the covered transaction. Condition Found: During our audit, we noted that management did not review the SAM for vendors and employees meeting the covered transaction threshold as is defined in their year-end close checklist. Context: We noted there were 3 vendors exceeding $25,000 funded by the program. Based on our testing, none of the vendors exceeding the $25,000 limit were included in the SAM and received payments funded by the University?s major programs. Questioned Costs: None. Cause and Effect: The University was aware of the requirement to verify vendors and employees and they have a process established as part of their year-end close, but the review was not completed. Since this process was not performed, there is a greater risk of vendors and employees that are included on the SAM being disbursed funds through federal funds Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend that the University follow established procedures for comparing vendors and employees against the SAM and maintain documentation that the comparison has been performed. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number:2022-003 Information on the Federal Program: Federal Agency: United States Department of Education (ED) Program Name: COVID-19 ? Education Stabilization Funds (Part B) AL: 84.425 Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Required by 2 CFR, Part 200 for federally funded programs, when an institution enters into a covered transaction with an entity or individual, the institution must verify that the vendor is not suspended or debarred or otherwise excluded from participating in federal programs. Generally, a covered transaction is a transaction expected to equal or exceed $25,000 and be funded with federal dollars. This verification may be accomplished by checking the System for Award Management (SAM), or by adding a clause or condition to the covered transaction. Condition Found: During our audit, we noted that management did not review the SAM for vendors and employees meeting the covered transaction threshold as is defined in their year-end close checklist. Context: We noted there were 3 vendors exceeding $25,000 funded by the program. Based on our testing, none of the vendors exceeding the $25,000 limit were included in the SAM and received payments funded by the University?s major programs. Questioned Costs: None. Cause and Effect: The University was aware of the requirement to verify vendors and employees and they have a process established as part of their year-end close, but the review was not completed. Since this process was not performed, there is a greater risk of vendors and employees that are included on the SAM being disbursed funds through federal funds Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend that the University follow established procedures for comparing vendors and employees against the SAM and maintain documentation that the comparison has been performed. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan.
Finding 2022-003 Corrective Action Plan The Controller will review and revise current processes to ensure documented review of vendors and employees against SAM prior to expending against federal awards. Updated procedures will be documented and Controller?s Office staff will be trained on the new procedures. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8215 Anticipated Completion Date: February 28, 2023
Finding Number:2022-004 Information on the Federal Program:Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Required by 34 CFR 668.165, an institution must notify the student, or parent, in writing of (1) the date and amount of disbursement; (2) the student?s right, or parent?s right, to cancel all or a portion of that loan; and (3) the procedure and time by which the student or parent must notify the institution that he or she wishes to cancel the loan. When funds are disbursed by electronic fund transfer and an institution does not implement an affirmative confirmation process, an institution must notify a student no earlier than 30 days before, but no later than 7 days after, crediting the student?s account of their right to cancel all or part of the loan within 30 days. Condition Found: During our audit, we noted the University did not send disbursement notification letters informing the student, or their parent, of their right to cancel all or a portion of their loan for approximately 200 Federal Direct Student Loans awarded during the Summer 2021 semester out of a total of approximately 2,500 direct loans disbursed during 2022 Context: Based on our sample, which was determined using a non-statistically based methodology, 1 of the 27 students tested who were disbursed Federal Direct Student Loans did not receive the disbursement notification letters informing the student, or their parent, of their right to cancel all or a portion of the their loan within the required timeframe. Based on our discussion with management, the disbursement notification letters were not sent for any Federal Direct Student Loan awarded during the Summer 2021 semester. Questioned Costs: None. Cause and Effect: Due to turnover in Student Financial Services Department, the disbursement notifications for the Summer 2021 semester were not sent to the students or their parents. As a result, students may not have been aware of their right to cancel their loan or the procedures and time by which the loan may be canceled. Identification as a Repeat Finding, if Applicable: A repeat of prior year finding 2021-001 Recommendation: We recommend the University implement a control procedure to ensure disbursement notification letters are sent to every student who received direct loan disbursement, within 7 days, to be in compliance with the requirement described above. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number:2022-004 Information on the Federal Program:Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Required by 34 CFR 668.165, an institution must notify the student, or parent, in writing of (1) the date and amount of disbursement; (2) the student?s right, or parent?s right, to cancel all or a portion of that loan; and (3) the procedure and time by which the student or parent must notify the institution that he or she wishes to cancel the loan. When funds are disbursed by electronic fund transfer and an institution does not implement an affirmative confirmation process, an institution must notify a student no earlier than 30 days before, but no later than 7 days after, crediting the student?s account of their right to cancel all or part of the loan within 30 days. Condition Found: During our audit, we noted the University did not send disbursement notification letters informing the student, or their parent, of their right to cancel all or a portion of their loan for approximately 200 Federal Direct Student Loans awarded during the Summer 2021 semester out of a total of approximately 2,500 direct loans disbursed during 2022 Context: Based on our sample, which was determined using a non-statistically based methodology, 1 of the 27 students tested who were disbursed Federal Direct Student Loans did not receive the disbursement notification letters informing the student, or their parent, of their right to cancel all or a portion of the their loan within the required timeframe. Based on our discussion with management, the disbursement notification letters were not sent for any Federal Direct Student Loan awarded during the Summer 2021 semester. Questioned Costs: None. Cause and Effect: Due to turnover in Student Financial Services Department, the disbursement notifications for the Summer 2021 semester were not sent to the students or their parents. As a result, students may not have been aware of their right to cancel their loan or the procedures and time by which the loan may be canceled. Identification as a Repeat Finding, if Applicable: A repeat of prior year finding 2021-001 Recommendation: We recommend the University implement a control procedure to ensure disbursement notification letters are sent to every student who received direct loan disbursement, within 7 days, to be in compliance with the requirement described above. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan.
Finding 2022-004 Corrective Action Plan The Director of Financial Aid will review and revise current processes to ensure disbursement notification letters are sent to students within 7 days. Updated procedures will be documented and financial aid staff will be trained on the requirement and new procedures. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8215 Anticipated Completion Date: December 31, 2022
2021-001
Finding Number: 2022-005 Information on the Federal Program: Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.063 - Federal Pell Grant Program 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Under the Pell Grant and Direct Loan programs, an institution must notify NSLDS within 30 days after the date that the institution discovers that a Direct loan was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended (PELL, 34 CFR section 690.83(b)(2), and Direct Loans, 34 CFR section 685.309). Conditions Found: Based on our sample, which was determined using a non-statistically based methodology, two of the 25 students tested were not reported to the NSDLS within the required timeframe. Context: The two students who were not reported timely informed the Student Financial Aid department during the Fall 2021 and Spring 2022 semesters that they would not be returning to the University for the Spring 2022 and Fall 2022 semester, respectively. It is our understanding the University?s process for all students who submit a withdrawal request to be effective for a specific date is to report them as withdrawn as of the specified effective date and not as of the last day of enrollment when the University is aware the student will not be returning. As a result of further inquiry and testing, we noted that there were a total of 52 students that withdrew during the months of November, April and May. Questioned Costs: None. Cause and Effect: Currently, the University has a process that when a student informs the University at the end of a semester they will be withdrawing from the University, the University will wait until the start of the next semester to confirm the student did not enroll in the upcoming semester. By doing so, the University would report students to the NSLDS outside of the 60-day requirement. The effect of the noted condition results in an inaccurate last date of attendance reported to NSLDS which is used to determine the date a student is to be placed into repayment status and begin making payments on student loans. Identification as a Repeat Finding, if Applicable: A repeat of prior year finding 2021-003 and 2020-001 Recommendation: We recommend the University review the system generated report to verify all students are included in addition to implementing a quality control review process to be completed monthly to ensure all student changes are reviewed in a timely manner to ensure compliance with the 60-day requirement. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number: 2022-005 Information on the Federal Program: Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.063 - Federal Pell Grant Program 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Under the Pell Grant and Direct Loan programs, an institution must notify NSLDS within 30 days after the date that the institution discovers that a Direct loan was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended (PELL, 34 CFR section 690.83(b)(2), and Direct Loans, 34 CFR section 685.309). Conditions Found: Based on our sample, which was determined using a non-statistically based methodology, two of the 25 students tested were not reported to the NSDLS within the required timeframe. Context: The two students who were not reported timely informed the Student Financial Aid department during the Fall 2021 and Spring 2022 semesters that they would not be returning to the University for the Spring 2022 and Fall 2022 semester, respectively. It is our understanding the University?s process for all students who submit a withdrawal request to be effective for a specific date is to report them as withdrawn as of the specified effective date and not as of the last day of enrollment when the University is aware the student will not be returning. As a result of further inquiry and testing, we noted that there were a total of 52 students that withdrew during the months of November, April and May. Questioned Costs: None. Cause and Effect: Currently, the University has a process that when a student informs the University at the end of a semester they will be withdrawing from the University, the University will wait until the start of the next semester to confirm the student did not enroll in the upcoming semester. By doing so, the University would report students to the NSLDS outside of the 60-day requirement. The effect of the noted condition results in an inaccurate last date of attendance reported to NSLDS which is used to determine the date a student is to be placed into repayment status and begin making payments on student loans. Identification as a Repeat Finding, if Applicable: A repeat of prior year finding 2021-003 and 2020-001 Recommendation: We recommend the University review the system generated report to verify all students are included in addition to implementing a quality control review process to be completed monthly to ensure all student changes are reviewed in a timely manner to ensure compliance with the 60-day requirement. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan.
Finding 2022-005 Corrective Action Plan The Registrar will review current processes and implement recommendations during FY23. Processes will be revised to review and verify all students are included in the reporting to NSLDS within the required reporting time frame. The Registrar?s Office staff will be trained on new procedures. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8215 Anticipated Completion Date: December 31, 2022
2021-003
FAC accepted this audit on March 23, 2022 — management decision was due September 23, 2022.
Finding Number: 2021-001 Information on the Federal Program: Federal Agency: United States Department of Education (ED) Program Name: Student Financial Assistance Cluster AL: 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2021 Specific Requirement: Required by 34 CFR 668.165, an institution must notify the student, or parent, in writing of (1) the date and amount of disbursement; (2) the student?s right, or parent?s right, to cancel all or a portion of that loan; and (3) the procedure and time by which the student or parent must notify the institution that he or she wishes to cancel the loan. When funds are disbursed by electronic fund transfer and an institution does not implement an affirmative confirmation process, an institution must notify a student no earlier than 30 days before, but no later than 7 days after, crediting the student?s account of their right to cancel all or part of the loan within 30 days. Condition Found: During our audit, we noted the University did not send any disbursement notification letters informing the student, or their parent, of their right to cancel all or a portion of their loan for any Federal Direct Student Loans awarded during the Spring 2021 semester. Context: Based on our sample, which was based on a statistically-based methodology, 13 of the 27 students tested who were disbursed Federal Direct Student Loans did not receive the disbursement notification letters informing the student, or their parent, of their right to cancel all or a portion of the their loan within the required timeframe. Based on our discussion with management, the disbursement notification letters were not sent for any Federal Direct Student Loan awarded during the Spring 2021 semester. Questioned Costs: None. Cause and Effect: Due to turnover in Student Financial Services Department, the disbursement notifications for the Spring 2021 semester were not sent to the students or their parents. As a result, students may not have been aware of their right to cancel their loan or the procedures and time by which the loan may be canceled. Identification as a Repeat Finding, if Applicable: Not a repeat finding Recommendation: We recommend the University implement a control procedure to ensure disbursement notification letters are sent to every student who received direct loan disbursement, within 7 days, to be in compliance with the requirement described above.
Show full finding ▾Hide full finding ▴Finding Number: 2021-001 Information on the Federal Program: Federal Agency: United States Department of Education (ED) Program Name: Student Financial Assistance Cluster AL: 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2021 Specific Requirement: Required by 34 CFR 668.165, an institution must notify the student, or parent, in writing of (1) the date and amount of disbursement; (2) the student?s right, or parent?s right, to cancel all or a portion of that loan; and (3) the procedure and time by which the student or parent must notify the institution that he or she wishes to cancel the loan. When funds are disbursed by electronic fund transfer and an institution does not implement an affirmative confirmation process, an institution must notify a student no earlier than 30 days before, but no later than 7 days after, crediting the student?s account of their right to cancel all or part of the loan within 30 days. Condition Found: During our audit, we noted the University did not send any disbursement notification letters informing the student, or their parent, of their right to cancel all or a portion of their loan for any Federal Direct Student Loans awarded during the Spring 2021 semester. Context: Based on our sample, which was based on a statistically-based methodology, 13 of the 27 students tested who were disbursed Federal Direct Student Loans did not receive the disbursement notification letters informing the student, or their parent, of their right to cancel all or a portion of the their loan within the required timeframe. Based on our discussion with management, the disbursement notification letters were not sent for any Federal Direct Student Loan awarded during the Spring 2021 semester. Questioned Costs: None. Cause and Effect: Due to turnover in Student Financial Services Department, the disbursement notifications for the Spring 2021 semester were not sent to the students or their parents. As a result, students may not have been aware of their right to cancel their loan or the procedures and time by which the loan may be canceled. Identification as a Repeat Finding, if Applicable: Not a repeat finding Recommendation: We recommend the University implement a control procedure to ensure disbursement notification letters are sent to every student who received direct loan disbursement, within 7 days, to be in compliance with the requirement described above.
Finding 2021-001 Corrective Action Plan The Director of Financial Aid will review and revise current processes to ensure disbursement notification letters are sent to students within 7 days. Updated procedures will be documented and financial aid staff will be trained on the requirement and new procedures. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8215 Anticipated Completion Date: June 30, 2022
Finding Number: 2021-002 Information on the Federal Program: Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2021 Specific Requirement: Per 34 CFR 685.102(b) and Volume 4, Chapter 6 of the Federal Student Aid Handbook, the University is required to reconcile the School Account Statement (SAS) report provided from the Common Origination and Disbursement (COD) to the University?s financial records for the Federal Direct Student Loan Program. Condition Found: During our audit, we noted the University was not documenting the monthly reconciliations of the Federal Direct Student Loan Program on a consistent basis. Context: The condition was found during our testing of the Federal Direct Student Loan reconciliation process. Questioned Costs: None. Cause and Effect: Due to turnover in the Student Financial Services department, the monthly reconciliation was not performed or documented on a consistent basis. Because the University did not retain evidence for identified differences between the SAS files and the University?s records, we were unable to adequately verify that reconciliations had been performed for the months we selected for testing. The effect of the noted conditions results in records held by the University that do not agree to the SAS files. Identification as a Repeat Finding, if Applicable: Not a repeat finding Recommendation: We recommend the University retain all documents to substantiate compliance with the monthly reconciliation requirement. The reconciliation should be reviewed and signed off by the appropriate level of management.
Show full finding ▾Hide full finding ▴Finding Number: 2021-002 Information on the Federal Program: Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2021 Specific Requirement: Per 34 CFR 685.102(b) and Volume 4, Chapter 6 of the Federal Student Aid Handbook, the University is required to reconcile the School Account Statement (SAS) report provided from the Common Origination and Disbursement (COD) to the University?s financial records for the Federal Direct Student Loan Program. Condition Found: During our audit, we noted the University was not documenting the monthly reconciliations of the Federal Direct Student Loan Program on a consistent basis. Context: The condition was found during our testing of the Federal Direct Student Loan reconciliation process. Questioned Costs: None. Cause and Effect: Due to turnover in the Student Financial Services department, the monthly reconciliation was not performed or documented on a consistent basis. Because the University did not retain evidence for identified differences between the SAS files and the University?s records, we were unable to adequately verify that reconciliations had been performed for the months we selected for testing. The effect of the noted conditions results in records held by the University that do not agree to the SAS files. Identification as a Repeat Finding, if Applicable: Not a repeat finding Recommendation: We recommend the University retain all documents to substantiate compliance with the monthly reconciliation requirement. The reconciliation should be reviewed and signed off by the appropriate level of management.
Finding 2021-002 Corrective Action Plan The Director of Financial Aid will work in conjunction with the Director of Student Accounts and the Controller to ensure timely monthly reconciliations and appropriate supporting documentation. Procedures will be revised as necessary and documented. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8215 Anticipated Completion Date: June 30, 2022
Finding Number: 2021-003 Information on the Federal Program: Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.063 - Federal Pell Grant Program 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2021 Specific Requirement: Under the Pell Grant and Direct Loan programs, institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway mailboxes sent by ED via National Student Loan Data System (NSLDS). Institutions must review, update and verify enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access website. Also, an institution must notify NSLDS within 30 days after the date that the institution discovers that a Direct loan was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended (PELL, 34 CFR section 690.83(b)(2), and Direct Loans, 34 CFR section 685.309). Conditions Found: During our audit, we noted that student status changes for four of the 25 students tested were not reported to the NSDLS within the required timeframe. In addition, we noted one student?s enrollment at the University was rejected by NSLDS. The University did not make the necessary corrections to properly reflect the student?s enrollment status. Context: The conditions noted above were a result of two different scenarios. See the following for context of each situation: 1. The four students that were not reported timely informed the Student Financial Aid department during the Spring 2021 semester that they would not be returning to the University for the Fall 2021 semester. It is our understanding the University?s process for all students who submit a withdrawal request to be effective for a specific date is to report them as withdrawn as of the specified effective date and not as of the last day of enrollment when the University is aware the student will not be returning. As a result of further inquiry and testing, we noted that there were a total of 39 students that withdrew during the months of May and June. 2. The NSLDS rejected the student?s enrollment submission due to the student?s name and social security number conflicting with the student?s previous enrollment at another institution. As a result of further inquiry and testing, we noted that there were a total of 10 students that were rejected by NSLDS. Questioned Costs: None. Cause and Effect: Currently, the University has a process that when a student informs the University that at the end of a semester they will be withdrawing from the University, the University will wait until the start of the next semester to confirm the student did not enroll in the upcoming semester. By doing so, the University would report students to the NSLDS outside of the 60 day requirement. In addition, there are error messages that identify if a student?s enrollment information is rejected. These error codes were not reviewed and resolved by the University. The effect of the noted conditions results in an inaccurate last date of attendance reported to NSLDS which is used to determine the date a student is to be placed into repayment status and begin making payments on student loans. Identification as a Repeat Finding, if Applicable: A repeat of prior year finding 2020-001 Recommendation: We recommend the University review the system generated report to verify all students are included in addition to implementing a quality control review process to be completed monthly to ensure all student changes are reviewed in a timely manner to ensure compliance with the 60 day requirement.
Show full finding ▾Hide full finding ▴Finding Number: 2021-003 Information on the Federal Program: Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.063 - Federal Pell Grant Program 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2021 Specific Requirement: Under the Pell Grant and Direct Loan programs, institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway mailboxes sent by ED via National Student Loan Data System (NSLDS). Institutions must review, update and verify enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access website. Also, an institution must notify NSLDS within 30 days after the date that the institution discovers that a Direct loan was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended (PELL, 34 CFR section 690.83(b)(2), and Direct Loans, 34 CFR section 685.309). Conditions Found: During our audit, we noted that student status changes for four of the 25 students tested were not reported to the NSDLS within the required timeframe. In addition, we noted one student?s enrollment at the University was rejected by NSLDS. The University did not make the necessary corrections to properly reflect the student?s enrollment status. Context: The conditions noted above were a result of two different scenarios. See the following for context of each situation: 1. The four students that were not reported timely informed the Student Financial Aid department during the Spring 2021 semester that they would not be returning to the University for the Fall 2021 semester. It is our understanding the University?s process for all students who submit a withdrawal request to be effective for a specific date is to report them as withdrawn as of the specified effective date and not as of the last day of enrollment when the University is aware the student will not be returning. As a result of further inquiry and testing, we noted that there were a total of 39 students that withdrew during the months of May and June. 2. The NSLDS rejected the student?s enrollment submission due to the student?s name and social security number conflicting with the student?s previous enrollment at another institution. As a result of further inquiry and testing, we noted that there were a total of 10 students that were rejected by NSLDS. Questioned Costs: None. Cause and Effect: Currently, the University has a process that when a student informs the University that at the end of a semester they will be withdrawing from the University, the University will wait until the start of the next semester to confirm the student did not enroll in the upcoming semester. By doing so, the University would report students to the NSLDS outside of the 60 day requirement. In addition, there are error messages that identify if a student?s enrollment information is rejected. These error codes were not reviewed and resolved by the University. The effect of the noted conditions results in an inaccurate last date of attendance reported to NSLDS which is used to determine the date a student is to be placed into repayment status and begin making payments on student loans. Identification as a Repeat Finding, if Applicable: A repeat of prior year finding 2020-001 Recommendation: We recommend the University review the system generated report to verify all students are included in addition to implementing a quality control review process to be completed monthly to ensure all student changes are reviewed in a timely manner to ensure compliance with the 60 day requirement.
Finding 2021-003 Corrective Action Plan Management will review current processes and implement recommendations during FY22. Processes will be revised to review and verify all students are included in the reporting to NSLDS within the required reporting time frame. Processes between the Office of Financial Aid and the Registrar?s Office will be reviewed to ensure proper and timely notification of student and program changes. The output of this process will be reviewed monthly to ensure student changes are reviewed and reported accordingly. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8215 Anticipated Completion Date: June 30, 2022
2020-001
Finding Number: 2021-004 Information on the Federal Program: Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2021 Specific Requirement: Per 34 CFR 668.166(a), excess cash is considered to be any amount of Title IV funds Higher Education Act (HEA) program funds, other than Federal Perkins Loan program funds, that an institution does not disburse to students by the end of the third business day following the date the institution (1) received those funds from the Secretary or (2) deposited or transferred to its depository account previously disbursed Title IV, HEA program funds, such as those resulting from award adjustments, recoveries or cancellations. In the event that an institution has excess cash, the Secretary may take action and (1) require the institution to reimburse the Secretary for the costs the Federal government incurred in providing that excess cash to the institution or (2) provide funds to the institution under the reimbursement payment method or heightened cash monitoring payment method described in 34 CFR 668.162(c) and (d), respectively. Condition Found: During our audit, we noted the University did not disburse funds received from the COD within three business days. Context: Based on our sample, which was based on a statistically-based methodology, 1 of the 5 Federal Direct Student Loan disbursement dates was not within three business days of receipt of funds from the COD. Questioned Costs: None. Cause and Effect: Due to turnover in Student Financial Services Department, the funds from the COD were inadvertently requested too early and therefore were not disbursed to student accounts within three business days. Identification as a Repeat Finding, if Applicable: Not a repeat finding Recommendation: We recommend the University implement a procedure to have funds received from the COD to be disbursed to students within three business days, to be in compliance with the requirement described above.
Show full finding ▾Hide full finding ▴Finding Number: 2021-004 Information on the Federal Program: Federal Agency: ED Program Name: Student Financial Assistance Cluster AL: 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2021 Specific Requirement: Per 34 CFR 668.166(a), excess cash is considered to be any amount of Title IV funds Higher Education Act (HEA) program funds, other than Federal Perkins Loan program funds, that an institution does not disburse to students by the end of the third business day following the date the institution (1) received those funds from the Secretary or (2) deposited or transferred to its depository account previously disbursed Title IV, HEA program funds, such as those resulting from award adjustments, recoveries or cancellations. In the event that an institution has excess cash, the Secretary may take action and (1) require the institution to reimburse the Secretary for the costs the Federal government incurred in providing that excess cash to the institution or (2) provide funds to the institution under the reimbursement payment method or heightened cash monitoring payment method described in 34 CFR 668.162(c) and (d), respectively. Condition Found: During our audit, we noted the University did not disburse funds received from the COD within three business days. Context: Based on our sample, which was based on a statistically-based methodology, 1 of the 5 Federal Direct Student Loan disbursement dates was not within three business days of receipt of funds from the COD. Questioned Costs: None. Cause and Effect: Due to turnover in Student Financial Services Department, the funds from the COD were inadvertently requested too early and therefore were not disbursed to student accounts within three business days. Identification as a Repeat Finding, if Applicable: Not a repeat finding Recommendation: We recommend the University implement a procedure to have funds received from the COD to be disbursed to students within three business days, to be in compliance with the requirement described above.
Finding 2021-004 Corrective Action Plan The Director of Financial Aid and the Director of Student Accounts will review and revise current processes to ensure funds received from COD are disbursed to students within 3 days. Updated procedures will be documented and staff in the Finance Aid Office and Student Accounts Office will be trained on the requirement and new procedures. Responsible Party: Steven Perrotta Vice President for Finance and Administration Phone: (603) 897-8215 Anticipated Completion Date: June 30, 2022
FAC accepted this audit on September 21, 2021 — management decision was due March 21, 2022.
Finding Number: 2020-001 Information on the Federal Program: Federal Agency: United States Department of Education (ED) Program Name: Student Financial Assistance Cluster CFDA: 84.063 - Federal Pell Grant Program 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2020 Specific Requirement: Under the Pell Grant and Direct Loan programs, institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway mailboxes sent by ED via National Student Loan Data System (NSLDS). Institutions must review, update and verify enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access website. Also, an institution must notify NSLDS within 30 days after the date that the institution discovers that a Direct loan was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended (PELL, 34 CFR section 690.83(b)(2), and Direct Loans, 34 CFR section 685.309). Condition Found: During our audit, we noted the University did not submit status changes of five students out of 25 students tested. Context: The conditions noted above were a result of two different scenarios. See the following for context of each situation: 1.Three of the five students were enrolled in new degree programs being offered by the University. We reviewed the total enrollment under the new degree programs and noted a total of 30 students enrolled in these new degree programs. 2.Two of the five students informed the Student Financial Aid department during the Spring 2020 semester that at the end of the 2020 academic year they would not be returning to the University for the Fall 2020 semester. It is our understanding the University?s process for all students who submit a withdrawal request to be effective for a specific date is to report them as withdrawn as of the specified effective date and not as of the last day of enrollment when the University is aware the student will not be returning. Questioned Costs: None. Cause and Effect: The following were the causes of the noted conditions: 1.During academic year 2020, the University began offering three new degree programs. Those programs were not coded correctly within the University?s system to be included on the reports generated to submit to the NSLDS. As a result, the three students identified, and the other 27 students enrolled in these new degree programs were not reported late to the NSLDS. 2.Currently, the University has a process that when a student informs the University that at the end of a semester they will be withdrawing from the University, the University will wait until the start of the next semester to confirm the student did not enroll in the upcoming semester. By doing so, the University would report students to the NSLDS outside of the 60 day requirement. The effect of the noted conditions results in an inaccurate last date of attendance reported to NSLDS which is used to determine the date a student is to be placed into repayment status and begin making payments on student loans. Recommendation: We recommend the University review the system generated report to verify all students are included in addition to implementing a quality control review process to be completed monthly to ensure all student changes are reviewed in a timely manner to ensure compliance with the 60 day requirement. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan on page 43.
Show full finding ▾Hide full finding ▴Finding Number: 2020-001 Information on the Federal Program: Federal Agency: United States Department of Education (ED) Program Name: Student Financial Assistance Cluster CFDA: 84.063 - Federal Pell Grant Program 84.268 - Federal Direct Student Loans Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2020 Specific Requirement: Under the Pell Grant and Direct Loan programs, institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway mailboxes sent by ED via National Student Loan Data System (NSLDS). Institutions must review, update and verify enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access website. Also, an institution must notify NSLDS within 30 days after the date that the institution discovers that a Direct loan was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended (PELL, 34 CFR section 690.83(b)(2), and Direct Loans, 34 CFR section 685.309). Condition Found: During our audit, we noted the University did not submit status changes of five students out of 25 students tested. Context: The conditions noted above were a result of two different scenarios. See the following for context of each situation: 1.Three of the five students were enrolled in new degree programs being offered by the University. We reviewed the total enrollment under the new degree programs and noted a total of 30 students enrolled in these new degree programs. 2.Two of the five students informed the Student Financial Aid department during the Spring 2020 semester that at the end of the 2020 academic year they would not be returning to the University for the Fall 2020 semester. It is our understanding the University?s process for all students who submit a withdrawal request to be effective for a specific date is to report them as withdrawn as of the specified effective date and not as of the last day of enrollment when the University is aware the student will not be returning. Questioned Costs: None. Cause and Effect: The following were the causes of the noted conditions: 1.During academic year 2020, the University began offering three new degree programs. Those programs were not coded correctly within the University?s system to be included on the reports generated to submit to the NSLDS. As a result, the three students identified, and the other 27 students enrolled in these new degree programs were not reported late to the NSLDS. 2.Currently, the University has a process that when a student informs the University that at the end of a semester they will be withdrawing from the University, the University will wait until the start of the next semester to confirm the student did not enroll in the upcoming semester. By doing so, the University would report students to the NSLDS outside of the 60 day requirement. The effect of the noted conditions results in an inaccurate last date of attendance reported to NSLDS which is used to determine the date a student is to be placed into repayment status and begin making payments on student loans. Recommendation: We recommend the University review the system generated report to verify all students are included in addition to implementing a quality control review process to be completed monthly to ensure all student changes are reviewed in a timely manner to ensure compliance with the 60 day requirement. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan on page 43.
FINDING 2020-001 CORRECTIVE ACTION PLAN Management will implement a process of review, which will identify all applicable students be included in the required reports submitted to NSLDS within the required reporting timeframe. Additionally, management will review processes between the Office of Financial Aid and the Registrar?s Office to ensure proper and timely notification of student status and of any program changes. Responsible party: Steven Perrotta, Vice President for Finance and Administration; (603) 897-8215 Anticipated Completion Date: June 30, 2022
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
Finding Number: 2019-001 Information on the Federal Program: Federal Agency: U.S. Department of Health and Human Services CFDA: 93.359 Passed-through the Department of Health Resources and Services Administration Program Name: Nurse, Education, Practice, Quality and Retention ? Registered Nurses in Primary Care Specific Requirement: Required by 2 CFR, Part 200 for federally funded programs, when an institution enters into a covered transaction with an entity or individual, an institution must verify that the vendor is not suspended or debarred or otherwise excluded from participating in federal programs. Generally, a covered transaction is a transaction expected to equal or exceed $25,000 and be funded with federal dollars. This verification may be accomplished by checking the System for Award Management (SAM), formerly the Excluded Parties List System, maintained by the General Services Administration, collecting a certification from the vendor, or by adding a clause or condition to the covered transaction. Condition Found: During our audit, we noted the University did not review the SAM for vendors meeting the covered transaction threshold. Context: We noted that there were 6 vendors exceeding $25,000 funded by the program. Based on our testing, none of the vendors exceeding the $25,000 limit were included in the SAM. Questioned Costs: None. Cause and Effect: The University was aware of the requirement to verify vendors against the SAM, but had not implemented a process during the year ended June 30, 2019 to verify vendors. Since this process is not performed on vendors, there is a greater risk of vendors that are included on the SAM being disbursed funds through federal funding. Recommendation: We recommend the University implement a process to compare all vendors and employees meeting the $25,000 threshold funded by a federal program to the SAM on an annual basis and when a new vendor or employee is entered into the accounting system. The University should maintain documentation that the comparison has been performed.
Show full finding ▾Hide full finding ▴Finding Number: 2019-001 Information on the Federal Program: Federal Agency: U.S. Department of Health and Human Services CFDA: 93.359 Passed-through the Department of Health Resources and Services Administration Program Name: Nurse, Education, Practice, Quality and Retention ? Registered Nurses in Primary Care Specific Requirement: Required by 2 CFR, Part 200 for federally funded programs, when an institution enters into a covered transaction with an entity or individual, an institution must verify that the vendor is not suspended or debarred or otherwise excluded from participating in federal programs. Generally, a covered transaction is a transaction expected to equal or exceed $25,000 and be funded with federal dollars. This verification may be accomplished by checking the System for Award Management (SAM), formerly the Excluded Parties List System, maintained by the General Services Administration, collecting a certification from the vendor, or by adding a clause or condition to the covered transaction. Condition Found: During our audit, we noted the University did not review the SAM for vendors meeting the covered transaction threshold. Context: We noted that there were 6 vendors exceeding $25,000 funded by the program. Based on our testing, none of the vendors exceeding the $25,000 limit were included in the SAM. Questioned Costs: None. Cause and Effect: The University was aware of the requirement to verify vendors against the SAM, but had not implemented a process during the year ended June 30, 2019 to verify vendors. Since this process is not performed on vendors, there is a greater risk of vendors that are included on the SAM being disbursed funds through federal funding. Recommendation: We recommend the University implement a process to compare all vendors and employees meeting the $25,000 threshold funded by a federal program to the SAM on an annual basis and when a new vendor or employee is entered into the accounting system. The University should maintain documentation that the comparison has been performed.
-As of November 1, 2019, Management has implemented a process whereby departments that use Federal grant funds for purchases will verify any new vendors and employees that meet the $25,000 threshold by checking the System for Award Management (SAM) at sam.gov/SAM/. All comparisons will be documented by the purchasing division and the Finance department. In addition, all current vendors and employees that meet the $25,000 threshold will be reviewed on an annual basis and verified against SAM. The Finance department will utilize the Finance quarterly checklist to document completion of annual verifications.
FAC accepted this audit on November 15, 2018 — management decision was due May 15, 2019.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on November 27, 2017 — management decision was due May 27, 2018.
FAC accepted this audit on December 13, 2016 — management decision was due June 13, 2017.
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