Clearinghouse Annual Audit Report
Clearinghouse Annual Audit & Division of Responsibility Reports
Grant Thornton, LLP conducts an independent yearly audit of the Clearinghouse’s compliance with applicable Federal Student Financial Assistance programs. The review is conducted in accordance with the U.S. Department of Education’s audit guide, “Audits of Federal Student Financial Assistance Programs at Participating Institutions and Institution Servicers.”
In 2013, the Clearinghouse completed a successful Program Review, performed by the Department of Education. From September 16, 2013 through September 18, 2013, Alan Toms, Eric Miles, and Jeremy Clark conducted a review of National Student Clearinghouse’s (NSC’s) administration of the programs authorized pursuant to Title IV of the Higher Education Act of 1965, as amended, 20 U.S.C. §1070 et set. (Title IV, HEA programs). Participating Clearinghouse schools and/or their auditors who have questions about the audit should contact us.