[S-SARA] FW: Current Federal Financial Responsibility Composite Score

Fri Aug 6 11:04:47 CDT 2021

Thank you. At this point I am deciding if it would be appropriate to have our external auditor do the composite score calculation based on the most recent financial audit from the school. It doesn't seem like they will be able to get information from the ED before I need to make a determination.

Thanks for the responses and thoughts.

Adam M. Hawk | Division Director/GA-SARA Coordinator
Georgia Nonpublic Postsecondary Education Commission (GNPEC)
2082 East Exchange Place, Suite 220
Tucker, Georgia 30084
770.414.3310 | www.gnpec.georgia.gov<http://www.gnpec.georgia.gov/>

From: S-SARA <s-sara-bounces at lists.onenet.net> On Behalf Of Harris, Jocelyn N. (OSSE)
Sent: Wednesday, August 4, 2021 10:51 AM
To: s-sara at lists.onenet.net
Subject: Re: [S-SARA] FW: Current Federal Financial Responsibility Composite Score

Hi, Adam! We're having the same situation with one of our schools in DC. The school still has no idea why the score was omitted or how it may be corrected. Outside of calling the Department myself to confirm the score they have on file (assuming they have one on file), I'm not sure how else we'd verify it at this point. The school self-reported the score and our Commission will decide tomorrow whether or not to accept it. I imagine we could also request their full audit from that FY as additional confirmation, if it got down to it. I personally wouldn't want to use the prior year's score, because financials could change drastically from year-to-year.  Good luck!

Jocelyn
Education Compliance Specialist
District of Columbia Higher Education Licensure Commission

From: S-SARA <s-sara-bounces at lists.onenet.net<mailto:s-sara-bounces at lists.onenet.net>> On Behalf Of Adam Hawk
Sent: Wednesday, August 4, 2021 9:45 AM
To: s-sara at lists.onenet.net<mailto:s-sara at lists.onenet.net>
Subject: [S-SARA] FW: Current Federal Financial Responsibility Composite Score
Importance: High

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Good morning everyone,

I have a SARA member institution that is not listed on the latest Composite Score spreadsheet (2018-2019). They have reached out to the ED to see why this is the case, but they are set to submit their renewal soon. The NC-SARA Manual states to use the most recent Composite Score by the ED, so I think it would be an option to use the 2017-2018 score since it is the most recent.

Has anyone come across this issue and do you think it would be appropriate to use the 2017-2018 score since the new one is not posted?

I appreciate being able to reach out to this group. Any thoughts would be helpful.

Thank you,

Adam M. Hawk | Division Director/GA-SARA Coordinator
Georgia Nonpublic Postsecondary Education Commission (GNPEC)
2082 East Exchange Place, Suite 220
Tucker, Georgia 30084
770.414.3310 | www.gnpec.georgia.gov<http://www.gnpec.georgia.gov/>

From: Rollin Guyden <GuydenR at CTSnet.edu<mailto:GuydenR at CTSnet.edu>>
Sent: Thursday, July 22, 2021 10:43 AM
To: Adam Hawk <adamh at gnpec.ga.gov<mailto:adamh at gnpec.ga.gov>>
Cc: Love Sechrest <SechrestL at CTSnet.edu<mailto:SechrestL at CTSnet.edu>>; Marty Sadler <SadlerM at ctsnet.edu<mailto:SadlerM at ctsnet.edu>>; GA Sara <gasara at gnpec.ga.gov<mailto:gasara at gnpec.ga.gov>>
Subject: Current Federal Financial Responsibility Composite Score
Importance: High

Mr. Hawk,

Columbia Theological Seminary used the data from the Studentaid.gov 2017-2018 composite score
report, located at: https://studentaid.gov/data-center/school/composite-scores , because, for reasons
we have yet to get an answer why Columbia Theological Seminary is not listed in the 2018-2019 report.
I am also attaching the last ten years of Columbia Theological Seminary's Composite Financial Indicators
to show our financial solvency.

Comparing the data on the attached financial indicators with the last five years (2013 - 2017) of
composite scores posted by the US Department of Education, our 2018 data would also rate a 3.0
composite score.

We are trying to determine why Columbia Theological Seminary is not listed in the 2018 report since we
submitted our financial data to EZAudit. So far, no one at Studentaid.gov has explained why our data is
missing from the most current report or been able to send us documentation on our 2018 Federal
Financial Responsibility Composite Score.

I am hoping that the attached financial data and the preceding years of the solid financial health of our
institution will be enough to allow or renewal to take place.

Rollin Guyden
Director of Instructional Design & Technology
701 S. Columbia Drive
Decatur, GA 30031
t: 404-687-4560
e: GuydenR at ctsnet.edu<mailto:GuydenR at ctsnet.edu>

[cid:image001.jpg at 01D78ABB.3F7B94A0]<http://www.ctsnet.edu/index>

[faebook small]<https://www.facebook.com/CTSeminary/>    [twitter small] <https://twitter.com/CTSeminary>     [Insta small] <https://www.instagram.com/ctseminary/>     [Linkedin small] <https://www.linkedin.com/edu/school?id=34592>

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