EIN: 340714363
UEI: ZY4LY6PDKLM1
Audited by: Forvis Mazars, 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 19, 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 19, 2026 (72 days ago).
What is a management decision? →FAC accepted this audit on December 23, 2024 — management decision was due June 23, 2025.
FAC accepted this audit on December 8, 2023 — management decision was due June 8, 2024.
FAC accepted this audit on December 20, 2022 — management decision was due June 20, 2023.
FAC accepted this audit on May 4, 2022 — management decision was due November 4, 2022.
FAC accepted this audit on April 26, 2021 — management decision was due October 26, 2021.
During the course of audit procedures, we identified 9 students from a sample of 40 who ceased to be enrolled on at least a half-time basis and whose status was not updated within the required timeframe of 34 CFR 682.610(c)(2). Cause: Controls were not properly designed to ensure that students who ceased to be enrolled on at least a half-time basis were identified and reported to the Secretary in a timely manner. As a result, the College has not complied with 34 CFR 682.610(c)(2). Effect: The College has not complied with requirements 34 CFR 682.610(c)(2) and as such the enrollment status of the students was not completed timely which could cause delays in the repayment of federal direct student loans. Recommendations: The College should revise their enrollment tracking controls to ensure that modifications to student enrollment status is being properly captured and changes are being reported to the Secretary in a timely manner. The submission of scheduled reports should be reviewed by someone independent of the individual responsible for the submission. Views of responsible officials: See views of responsible officials in the accompanying Corrective Action Plan
Show full finding ▾Hide full finding ▴Finding 2020-001 Federal Program: Student Financial Assistance Cluster, Federal Direct Student Loans CFDA: 84.268 Criteria: 34 CFR 682.610(c)(2) - Unless it expects to submit its next updated enrollment report to the Secretary within the next 60 days, a school must notify the Secretary within 30 days after the date that the school discovers that? (i) A loan under title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the school, 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. Condition: During the course of audit procedures, we identified 9 students from a sample of 40 who ceased to be enrolled on at least a half-time basis and whose status was not updated within the required timeframe of 34 CFR 682.610(c)(2). Cause: Controls were not properly designed to ensure that students who ceased to be enrolled on at least a half-time basis were identified and reported to the Secretary in a timely manner. As a result, the College has not complied with 34 CFR 682.610(c)(2). Effect: The College has not complied with requirements 34 CFR 682.610(c)(2) and as such the enrollment status of the students was not completed timely which could cause delays in the repayment of federal direct student loans. Recommendations: The College should revise their enrollment tracking controls to ensure that modifications to student enrollment status is being properly captured and changes are being reported to the Secretary in a timely manner. The submission of scheduled reports should be reviewed by someone independent of the individual responsible for the submission. Views of responsible officials: See views of responsible officials in the accompanying Corrective Action Plan
The process of reporting enrollment and changes to students? enrollment status has been assigned as of September 2020 to a different member of the Registrar?s staff. For the 2020-21 academic year the enrollment reporting has been done on the schedule required. The Director of Financial Aid also has added to their schedule to confirm on a monthly basis this process is being performed on the required schedule as a secondary check.
Management has determined that the College?s personal leave of absence policy is not in compliance with the requirements of 34 CFR 668.22(d). During the course of our audit we identified 77 students whose status was incorrectly reported as being on a leave of absence when they should have been considered withdrawn from the College as of their last date of attendance. Cause: The College?s leave of absence policy was not designed to comply with the federal regulations and controls were not designed to detect the non-compliance. Effect: The College has not complied with requirements 34 CFR 668.22(d) and as such the enrollment status of the students was not properly reported which could cause delays in the repayment of federal direct student loans. Recommendations: The College should perform a review of its policy and procedures to ensure all policies and procedures are in compliance with the relevant regulations. A review should be performed annually to ensure policies and procedures for administration of the student financial assistance cluster are in accordance with the current regulations. Views of responsible officials: See views of responsible officials in the accompanying Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding 2020-002 Federal Program: Student Financial Assistance Cluster, Federal Direct Student Loans CFDA: 84.268 Criteria: 34 CFR 668.22(d) - Approved leave of absence. (1) For purposes of this section (and, for a title IV, HEA program loan borrower, for purposes of terminating the student's in-school status), an institution does not have to treat a leave of absence as a withdrawal if it is an approved leave of absence. A leave of absence is an approved leave of absence if?(i) The institution has a formal policy regarding leaves of absence; (ii) The student followed the institution's policy in requesting the leave of absence;(iii) The institution determines that there is a reasonable expectation that the student will return to the school;(iv) The institution approved the student's request in accordance with the institution's policy;(v) The leave of absence does not involve additional charges by the institution;(vi) The number of days in the approved leave of absence, when added to the number of days in all other approved leaves of absence, does not exceed 180 days in any 12-month period; request, the institution may grant the student's request for a leave of absence, if the institution documents its decision and collects the written request at a later date Condition: Management has determined that the College?s personal leave of absence policy is not in compliance with the requirements of 34 CFR 668.22(d). During the course of our audit we identified 77 students whose status was incorrectly reported as being on a leave of absence when they should have been considered withdrawn from the College as of their last date of attendance. Cause: The College?s leave of absence policy was not designed to comply with the federal regulations and controls were not designed to detect the non-compliance. Effect: The College has not complied with requirements 34 CFR 668.22(d) and as such the enrollment status of the students was not properly reported which could cause delays in the repayment of federal direct student loans. Recommendations: The College should perform a review of its policy and procedures to ensure all policies and procedures are in compliance with the relevant regulations. A review should be performed annually to ensure policies and procedures for administration of the student financial assistance cluster are in accordance with the current regulations. Views of responsible officials: See views of responsible officials in the accompanying Corrective Action Plan.
First we would like to note that while the students were being reported as on an approved leave, the Financial Aid Office had been treating them as withdrawn. As such, the students? aid was recalculated per Title IV regulation if the leave happened after the start of a term, and all students taking a leave were provided with exit information. The action that has already been implemented as of February 2021 is all students separated from the college whether temporarily or permanently are being reported as withdrawn by Oberlin to the National Student Clearinghouse and subsequently to the National Student Loan Database System. The Office of Financial Aid will continue to perform Title IV recalculations and exiting the students as they have been. The College will be engaging the services of Blue Icon Advisors to perform a thorough peer review of all federal financial aid procedures and compliance with federal financial aid regulations. This will occur in June, 2021. Subsequent reviews will take place internally and in conjunction with the annual audit to ensure ongoing compliance.
FAC accepted this audit on March 29, 2020 — management decision was due September 29, 2020.
FAC accepted this audit on January 22, 2019 — management decision was due July 22, 2019.
FAC accepted this audit on February 1, 2018 — management decision was due August 1, 2018.
FAC accepted this audit on February 8, 2017 — management decision was due August 8, 2017.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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