EIN: 390833608
UEI: U4LEMWXKEJY6
Data as of August 21, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 16, 2026. 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 July 16, 2026 (36 days ago).
What is a management decision? →Criteria: According to 34 CFR section 685.304, an educational institution must ensure that exit counseling is conducted with each Direct Loan student borrower 30 days after the student withdraws from the institution or falls below half-time status. Condition/Context: During our student file testing, we noted two students out of forty did not have documentation in their file that exit counseling was sent thirty days after the student withdrew. We consider the missing exit counseling to be an instance of noncompliance with the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The College did not send out exit counseling on a timely basis after the students withdrew. Cause: The College’s internal controls did not detect the missing exit counseling for the students. Recommendation: We recommend the institution closely monitor all students who are receiving loans to make sure they are sent exit counseling. Views of Responsible Officials: Management agrees with the Single Audit finding and a response is included in the Corrective Action Plan.
Show full finding ▾Hide full finding ▴Criteria: According to 34 CFR section 685.304, an educational institution must ensure that exit counseling is conducted with each Direct Loan student borrower 30 days after the student withdraws from the institution or falls below half-time status. Condition/Context: During our student file testing, we noted two students out of forty did not have documentation in their file that exit counseling was sent thirty days after the student withdrew. We consider the missing exit counseling to be an instance of noncompliance with the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The College did not send out exit counseling on a timely basis after the students withdrew. Cause: The College’s internal controls did not detect the missing exit counseling for the students. Recommendation: We recommend the institution closely monitor all students who are receiving loans to make sure they are sent exit counseling. Views of Responsible Officials: Management agrees with the Single Audit finding and a response is included in the Corrective Action Plan.
2025-001: Missing Exit Counseling Documentation Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, 84.379 Grant Period – Year Ended June 30, 2025 Condition Found Condition/Context: During our student file testing, we noted two students out of forty did not have documentation in their file that exit counseling was sent thirty days after the student withdrew. We consider the missing exit counseling to be an instance of noncompliance with the Eligibility Compliance Requirement. Corrective Action Plan Concordia has created new reporting and updated its Exit Counseling policy to put any students without concurrent semester enrollment, excluding traditional undergraduates who are not required to take summer, into "EXIT". Responsible person for corrective action plan: Kevin Sheridan Implementation Date of Corrective Action Plan: December 11, 2025
FAC accepted this audit on January 24, 2024 — management decision was due July 24, 2024.
During our student file testing we noted one student out of forty was disbursed the incorrect Direct Loan amount. Based on the student’s enrollment status and need this student was eligible for $926 in Subsidized Loans and $4,574 in Unsubsidized Loans; however, the College awarded the student $230 in Subsidized loans and $5,270 in Unsubsidized loans which resulted in an under award of $696 in Subsidized Loans and an over award of $696 in Unsubsidized Loans. We consider this error in awarding to be an instance of noncompliance of the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: A student was under awarded Subsidized Direct Loans in the amount of $696 and over awarded Unsubsidized Direct loans in the amount of $696. Cause: The College’s internal controls did not identify the fact that the student was under awarded Subsidized Direct Loans in the amount of $696 and over awarded Unsubsidized Direct loans in the amount of $696. Recommendation: We recommend the College closely monitor all students who receive direct loans and verify that they receive the proper amount of Subsidized and Unsubsidized Direct Loans. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
Show full finding ▾Hide full finding ▴Criteria: According to 34 CFR 685.203 an eligible dependent student in their first year of school can borrow up to $3,500 in Subsidized Direct Loans and $2,000 in Unsubsidized Direct Loans. Condition: During our student file testing we noted one student out of forty was disbursed the incorrect Direct Loan amount. Based on the student’s enrollment status and need this student was eligible for $926 in Subsidized Loans and $4,574 in Unsubsidized Loans; however, the College awarded the student $230 in Subsidized loans and $5,270 in Unsubsidized loans which resulted in an under award of $696 in Subsidized Loans and an over award of $696 in Unsubsidized Loans. We consider this error in awarding to be an instance of noncompliance of the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: A student was under awarded Subsidized Direct Loans in the amount of $696 and over awarded Unsubsidized Direct loans in the amount of $696. Cause: The College’s internal controls did not identify the fact that the student was under awarded Subsidized Direct Loans in the amount of $696 and over awarded Unsubsidized Direct loans in the amount of $696. Recommendation: We recommend the College closely monitor all students who receive direct loans and verify that they receive the proper amount of Subsidized and Unsubsidized Direct Loans. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2023-001 Incorrect Direct Loans Disbursement Amount - Student Financial Aid Cluster Assistance Listing #s 84.007, 84.033, 84.063, 84.379, 84.268, Grant Period - Year Ended June 30, 2023 Condition Found During our student file testing we noted one student out of forty was disbursed the incorrect Direct Loan amount. Based on the student’s enrollment status and need this student was eligible for $926 in Subsidized Loans and $4,574 in Unsubsidized Loans; however, the College awarded the student $230 in Subsidized loans and $5,270 in Unsubsidized loans which resulted in an under award of $696 in Subsidized Loans and an over award of $696 in Unsubsidized Loans. We consider this error in awarding to be an instance of noncompliance of the Eligibility Compliance Requirement. Corrective Action Plan New policy to determine what loan amount to award along with our policy to increase aid if a summer term is added on and budget is increased (only for 2023-2024 as in 2024-2025 budget can only be based on 9 months). This combined with two reports,overaward (sub when not eligible) and underaward (sub eligibility but has not been awarded due to professional judgement, budget increase or new ISIR). Responsible Person for Corrective Action Plan – Kevin Sheridan, Director of Financial Aid Implementation Date of Corrective Action Plan- 9/1/2023
FAC accepted this audit on December 13, 2021 — management decision was due June 13, 2022.
2021-001: Return of Title IV - Student Financial Aid Cluster ? Assistance Listing #s 84.007, 84.033, 84.063, 84.379, 84.268 - Grant Period - Year Ended June 30, 2021 Criteria: According to 34 CFR 668.22, the University is responsible to correctly determine the amount of Title IV earned by student and the remaining portion is to be timely returned to the U.S. Department of Education. Condition/Context: During our Return of Title IV Fund testing, we noted that the University did not calculate properly or return Title IV Student Financial Aid in the required time frame for one out of twenty-five students we tested. We consider the untimely returns and incorrect calculations of the Return of Title IV to be an instance of noncompliance to the Special Tests and Provisions Compliance Requirement. See Schedule of Findings and Questioned Costs for chart/table. Statistical sampling was not performed in the selection of the sample. Questioned Costs: $0 Effect: The University did not calculate properly the amount of Title IV funds to be returned or return unearned Title IV Funds to the U.S. Department of Education within the required time frame for one out of the twenty-five students tested. Cause: The University?s internal controls did not detect errors in the amount of Title IV Funds to be returned nor did they ensure that Title IV funds were returned in the required time frame. Recommendation: We recommend the various departments with the University responsible for identifying students who have ceased attendance coordinate with the financial aid and finance departments to ensure that the calculation of the Return of Title IV is accurate and the funds returned timely. Views of Responsible Officials: Management agrees with the Single Audit finding and responses are found in the Correction Action Plan.
Show full finding ▾Hide full finding ▴2021-001: Return of Title IV - Student Financial Aid Cluster ? Assistance Listing #s 84.007, 84.033, 84.063, 84.379, 84.268 - Grant Period - Year Ended June 30, 2021 Criteria: According to 34 CFR 668.22, the University is responsible to correctly determine the amount of Title IV earned by student and the remaining portion is to be timely returned to the U.S. Department of Education. Condition/Context: During our Return of Title IV Fund testing, we noted that the University did not calculate properly or return Title IV Student Financial Aid in the required time frame for one out of twenty-five students we tested. We consider the untimely returns and incorrect calculations of the Return of Title IV to be an instance of noncompliance to the Special Tests and Provisions Compliance Requirement. See Schedule of Findings and Questioned Costs for chart/table. Statistical sampling was not performed in the selection of the sample. Questioned Costs: $0 Effect: The University did not calculate properly the amount of Title IV funds to be returned or return unearned Title IV Funds to the U.S. Department of Education within the required time frame for one out of the twenty-five students tested. Cause: The University?s internal controls did not detect errors in the amount of Title IV Funds to be returned nor did they ensure that Title IV funds were returned in the required time frame. Recommendation: We recommend the various departments with the University responsible for identifying students who have ceased attendance coordinate with the financial aid and finance departments to ensure that the calculation of the Return of Title IV is accurate and the funds returned timely. Views of Responsible Officials: Management agrees with the Single Audit finding and responses are found in the Correction Action Plan.
2021-001: Return of Title IV - Student Financial Aid Cluster ? Assistance Listing #s 84.007, 84.033, 84.063, 84.379, 84.268 - Grant Period - Year Ended June 30, 2021 Condition Found During our Return of Title IV Fund testing, we noted that the University did not calculate properly or return Title IV Student Financial Aid in the required time frame for one out of twenty-five students we tested. We consider the untimely returns and incorrect calculations of the Return of Title IV to be an instance of noncompliance to the Special Tests and Provisions Compliance Requirement. Corrective Action Plan Providing staff with number of days for all R2T4 based on student type. This way if there are any changes to the number of days they know what the denominator will be for all calculations. Responsible Person for Corrective Action Plan Kevin Sheridan, Director of Financial Aid Implementation Date of Corrective Action Plan- 8/1/21
During our student file testing, we noted one student out of 40 did not have documentation in their file that exit counseling was sent thirty days after the student withdrew. We consider the missing exit counseling to be an instance of non-compliance with the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The University did not send out exit counseling when the student withdrew. Cause: The University?s internal controls did not detect the missing exit counseling for the student. Recommendation: We recommend the institution closely monitor all students who are receiving loans to make sure they are sent exit counseling. Views of Responsible Officials: Management agrees with the Single Audit finding and a response is included in the Corrective Action Plan.
Show full finding ▾Hide full finding ▴2021-002: Missing Exit Counseling Documentation - Student Financial Aid Cluster ? Assistance Listing #s 84.007, 84.033, 84.063, 84.379, 84.268 - Grant Period - Year Ended June 30, 2021 Criteria: According to 34 CFR section 685.304, an educational institution must ensure that exit counseling is conducted with each Direct Loan student borrower thirty days after the student withdraws from the institution or falls below half time status. Condition: During our student file testing, we noted one student out of 40 did not have documentation in their file that exit counseling was sent thirty days after the student withdrew. We consider the missing exit counseling to be an instance of non-compliance with the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The University did not send out exit counseling when the student withdrew. Cause: The University?s internal controls did not detect the missing exit counseling for the student. Recommendation: We recommend the institution closely monitor all students who are receiving loans to make sure they are sent exit counseling. Views of Responsible Officials: Management agrees with the Single Audit finding and a response is included in the Corrective Action Plan.
2021-002: Missing Exit Counseling Documentation - Student Financial Aid Cluster ? Assistance Listing #s 84.007, 84.033, 84.063, 84.379, 84.268 - Grant Period - Year Ended June 30, 2021 Condition Found During our student file testing, we noted one student out of 40 did not have documentation in their file that exit counseling was sent thirty days after the student withdrew. We consider the missing exit counseling to be an instance of non-compliance with the Eligibility Compliance Requirement. Corrective Action Plan Each semester run reports to clean up all graduated and withdrawn students. During the semester run clean up reports for all students not enrolled with no intended return date. Responsible Person for Corrective Action Plan- Kevin Sheridan, Director of Financial Aid Implementation Date of Corrective Action Plan-9/1/21
FAC accepted this audit on February 16, 2021 — management decision was due August 16, 2021.
2020-001: Late Return of Title IV Financial Aid - Student Financial Aid Cluster - CFDA#s 84.007, 84.033, 84.063, 84.379, 84.038, 84.268 - Grant Period - Year Ended June 30, 2020 Criteria: According to 34 CFR section 668.164(e) whenever an institution disburses Title IV funds by crediting a student's account and the total amount of all Title IV, credited exceeds the amount of tuition and fees, room and board, and other authorized charges the institution assessed the student, the institution must pay the resulting credit balance directly to the student or parent as soon as possible but no later than 14 days after the balance occurred if the credit balance occurred after the first day of class of a payment period; or no later than 14 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/Context: The results of credit balance testing indicated that one student out of our sample of twenty-five students did not receive their refund within the 14-day requirement. We consider this Single Audit Finding to be an instance of noncompliance relating to the Cash Management Compliance Requirement. Statistical sampling was not performed in the selection of the sample. Questioned Costs: $0 Effect: The University did not refund the credit balance to the students by the fourteenth day after the credit balance was created which is a finding in relation to the cash management compliance requirement. Cause: The University?s internal controls did not timely detect the credit balance owed to the students by the fourteenth day after the credit balance was created. Recommendation: We recommend the institution closely monitor all students with credit balances and ensure that all of these credit balances can be resolved either by refunding the students or receiving permission to carry the credit balance into the subsequent term. Views of Responsible Officials: Management agrees with the Single Audit finding and responses are found in the Correction Action Plan.
Show full finding ▾Hide full finding ▴2020-001: Late Return of Title IV Financial Aid - Student Financial Aid Cluster - CFDA#s 84.007, 84.033, 84.063, 84.379, 84.038, 84.268 - Grant Period - Year Ended June 30, 2020 Criteria: According to 34 CFR section 668.164(e) whenever an institution disburses Title IV funds by crediting a student's account and the total amount of all Title IV, credited exceeds the amount of tuition and fees, room and board, and other authorized charges the institution assessed the student, the institution must pay the resulting credit balance directly to the student or parent as soon as possible but no later than 14 days after the balance occurred if the credit balance occurred after the first day of class of a payment period; or no later than 14 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/Context: The results of credit balance testing indicated that one student out of our sample of twenty-five students did not receive their refund within the 14-day requirement. We consider this Single Audit Finding to be an instance of noncompliance relating to the Cash Management Compliance Requirement. Statistical sampling was not performed in the selection of the sample. Questioned Costs: $0 Effect: The University did not refund the credit balance to the students by the fourteenth day after the credit balance was created which is a finding in relation to the cash management compliance requirement. Cause: The University?s internal controls did not timely detect the credit balance owed to the students by the fourteenth day after the credit balance was created. Recommendation: We recommend the institution closely monitor all students with credit balances and ensure that all of these credit balances can be resolved either by refunding the students or receiving permission to carry the credit balance into the subsequent term. Views of Responsible Officials: Management agrees with the Single Audit finding and responses are found in the Correction Action Plan.
2020-001: Late Return of Title IV Financial Aid - Student Financial Aid Cluster - CFDA#s 84.007, 84.033, 84.063, 84.379, 84.038, 84.268 - Grant Period - Year Ended June 30, 2020 Condition Found The results of credit balance testing indicated that one student out of our sample of twenty-five students did not receive their refund within the 14-day requirement. We consider this Single Audit Finding to be an instance of noncompliance relating to the Cash Management Compliance Requirement. Corrective Action Plan We will be providing our cash release coordinator with new reporting to catch students with a credit balance and the date the credit was applied to a student?s account to catch all credits within 14 day window. Responsible Person for Corrective Action Plan Kay Meyer ? Cash Release Coordinator Jackie Glynn ? Business Operation Manager Implementation Date of Corrective Action Plan This will be taking effect on 9/14/2020.
FAC accepted this audit on February 3, 2020 — management decision was due August 3, 2020.
Finding No. 2019-001 - Student Account Statement Reconciliations Criteria - Student account statement reconciliations should be documented that they were reviewed by someone other than the preparer. Condition - In a sample of two months, there was no formal documentation that a review was done by someone other than the preparer. Questioned Costs - None noted. Effect - The reconciliations could potentially not be accurate due to no formal review being done.
Show full finding ▾Hide full finding ▴Finding No. 2019-001 - Student Account Statement Reconciliations Criteria - Student account statement reconciliations should be documented that they were reviewed by someone other than the preparer. Condition - In a sample of two months, there was no formal documentation that a review was done by someone other than the preparer. Questioned Costs - None noted. Effect - The reconciliations could potentially not be accurate due to no formal review being done.
Recommendation - We recommend the University implement a formal documentation process to review Student Account Statement Reconciliations, by someone other than the preparer. Management Response - Each month going forward the Direct Loan Coordinator will e-mail the Finance Director their reconciliation. The Finance Director will review it and respond via e-mail that it reconciles correctly. Each time the Direct Loan Coordinator does a reconciliation there will be an e-mail response confirming the results.
FAC accepted this audit on March 13, 2018 — management decision was due September 13, 2018.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on March 5, 2017 — management decision was due September 5, 2017.
GSA_MIGRATION
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