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An Audit Report on the College Access Loan Program at the Higher Education Coordinating Board

April 2023


The Higher Education Coordinating Board (Coordinating Board) administered the College Access Loan Program (CAL) in accordance with applicable criteria. It established controls to ensure that borrowers met CAL eligibility requirements and that loan accounts were updated accurately. However, the Coordinating Board should specify a time period to review error reports from its Higher Education Loan Management System to ensure that accounts are updated in a timely manner.