EIN: 061645496
UEI: KMK4AM2JGU36
Single Audit filed under EIN: 231352685
That audit also covers 4 related EINs: 230469150, 231365353, 232810852, 311538725 · unlinked EINs have no separate FAC filing
Audited by: PriceWaterhouseCoopers LLP
Oversight agency: 84 [Department of Education]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 4, 2023. 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 4, 2024 (820 days ago).
What is a management decision? →Finding 2023-001: Special Tests and Provisions: Disbursements Federal Agency: U.S.Department of Education Program: Student Financial Aid CFDA#: Various Award Number(s): Various Award Year(s): July 1, 2022– June 30, 2023 Criteria: 34 CFR Section 668.165(a)(1): (a) Notices: 2) Except in the case of a post-withdrawal disbursement made in accordance with § 668.22(a)(5), if an institution credits a student ledger account with Direct Loan, Federal Perkins Loan, or TEACH Grant program funds, the institution must notify the student or parent of – i. The anticipated date and amount of the disbursement ii. The student's or parent's right to cancel all or a portion of that loan, loan disbursement, TEACH Grant, or TEACH Grant disbursement and have the loan proceeds or TEACH Grant proceeds returned to the Secretary; and iii. The procedures and time by which the student or parent must notify the institution that he or she wishes to cancel the loan, loan disbursement, TEACH Grant, or TEACH Grant Disbursement. 3) The institution must provide the notice described in paragraph (a)(2) of this section in writing – i. No earlier than 30 days before, and no later than 30 days after, crediting the student’s ledger account at the institution, if the institution obtains affirmative confirmation from the student under paragraph (a)(6)(i) of this section; or (ii) No earlier than 30 days before, and no later than 30 days after, crediting the student’s ledger account at the institution, if the institution does not obtain affirmative confirmation from the student under paragraph (a)(6) of this section. Condition We selected a sample of 25 students who were disbursed student financial assistance to validate that the College was compliant with the U.S. Department of Education disbursement requirements for the Federal Direct Loan. As part of our testing, we validated that the student and/or parent received the notification of the borrower's right to cancel all or a part of the loan disbursement(s) within thirty days of crediting the student’s ledger account. However, in reviewing the notifications sent, it was identified that for 18 students the College did not timely communicate the amounts of the loan disbursement(s) or the student’s or parent’s right to cancel all or a portion of the loan, loan disbursement, disbursement and have the proceeds returned to the Department of Education. Cause For each of the 18 Federal Direct Loan recipients selected, notifications were not timely provided due to a configuration issue affecting the College’s student information system. This issue was determined to have impacted 974 students that were Federal Direct Loan recipients for which aid was disbursed between August 30, 2022 and February 16, 2023. Effect Accurate and timely communication of loan disbursement information helps students determine whether or not they want to accept or cancel the loan. Furthermore, this information is reviewed by the student to understand their responsibility to repay their loan and how much they will owe. Questioned Costs None, as loan disbursements were made to eligible students. Recommendation We recommend that the College enhance its existing control processes by performing validation checks to ensure that loan disbursement notifications are complete, accurate and timely communicated to students in a timely manner. We also recommend that the College enhance its change management protocols executed to make upgrades to the student information system. Management’s Views and Corrective Action Plan Management’s response is reported in management’s views and corrective action plan included at the end of this report.
Show full finding ▾Hide full finding ▴Finding 2023-001: Special Tests and Provisions: Disbursements Federal Agency: U.S.Department of Education Program: Student Financial Aid CFDA#: Various Award Number(s): Various Award Year(s): July 1, 2022– June 30, 2023 Criteria: 34 CFR Section 668.165(a)(1): (a) Notices: 2) Except in the case of a post-withdrawal disbursement made in accordance with § 668.22(a)(5), if an institution credits a student ledger account with Direct Loan, Federal Perkins Loan, or TEACH Grant program funds, the institution must notify the student or parent of – i. The anticipated date and amount of the disbursement ii. The student's or parent's right to cancel all or a portion of that loan, loan disbursement, TEACH Grant, or TEACH Grant disbursement and have the loan proceeds or TEACH Grant proceeds returned to the Secretary; and iii. The procedures and time by which the student or parent must notify the institution that he or she wishes to cancel the loan, loan disbursement, TEACH Grant, or TEACH Grant Disbursement. 3) The institution must provide the notice described in paragraph (a)(2) of this section in writing – i. No earlier than 30 days before, and no later than 30 days after, crediting the student’s ledger account at the institution, if the institution obtains affirmative confirmation from the student under paragraph (a)(6)(i) of this section; or (ii) No earlier than 30 days before, and no later than 30 days after, crediting the student’s ledger account at the institution, if the institution does not obtain affirmative confirmation from the student under paragraph (a)(6) of this section. Condition We selected a sample of 25 students who were disbursed student financial assistance to validate that the College was compliant with the U.S. Department of Education disbursement requirements for the Federal Direct Loan. As part of our testing, we validated that the student and/or parent received the notification of the borrower's right to cancel all or a part of the loan disbursement(s) within thirty days of crediting the student’s ledger account. However, in reviewing the notifications sent, it was identified that for 18 students the College did not timely communicate the amounts of the loan disbursement(s) or the student’s or parent’s right to cancel all or a portion of the loan, loan disbursement, disbursement and have the proceeds returned to the Department of Education. Cause For each of the 18 Federal Direct Loan recipients selected, notifications were not timely provided due to a configuration issue affecting the College’s student information system. This issue was determined to have impacted 974 students that were Federal Direct Loan recipients for which aid was disbursed between August 30, 2022 and February 16, 2023. Effect Accurate and timely communication of loan disbursement information helps students determine whether or not they want to accept or cancel the loan. Furthermore, this information is reviewed by the student to understand their responsibility to repay their loan and how much they will owe. Questioned Costs None, as loan disbursements were made to eligible students. Recommendation We recommend that the College enhance its existing control processes by performing validation checks to ensure that loan disbursement notifications are complete, accurate and timely communicated to students in a timely manner. We also recommend that the College enhance its change management protocols executed to make upgrades to the student information system. Management’s Views and Corrective Action Plan Management’s response is reported in management’s views and corrective action plan included at the end of this report.
Finding: 2023-001 Estimated Completion Date: Year Ended June 30, 2023 November 15, 2023 Pennsylvania College of Health Sciences is committed to meeting all regulatory policies and procedures related to student financial aid. Below are the changes that were implemented in March 2023 and communicated to all staff members involved with student financial services: 1. Require the Student Account Specialist to run the Batch Assign Transmittal Communication process in the student information system immediately following each transmittal of financial aid. This will ensure communication will occur within the regulated timeframe. 2. Request that the Student Financial Services Coordinator note when loan disbursement notification e-mails are sent and alert the Student Account Specialist if notifications are not pulling in communications. These steps are monitored by the Director of Student Financial Services to ensure all updates and communication are occurring in a timely manner and in compliance with all regulations.
FAC accepted this audit on March 29, 2023 — management decision was due September 29, 2023.
FAC accepted this audit on June 21, 2022 — management decision was due December 21, 2022.
FAC accepted this audit on June 28, 2021 — management decision was due December 28, 2021.
FAC accepted this audit on March 30, 2020 — management decision was due September 30, 2020.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on March 27, 2019 — management decision was due September 27, 2019.
FAC accepted this audit on January 18, 2018 — management decision was due July 18, 2018.
FAC accepted this audit on March 28, 2017 — management decision was due September 28, 2017.
GSA_MIGRATION
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GSA_MIGRATION
GSA_MIGRATION
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GSA_MIGRATION
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