REPORT OF THE
DIVISION III FINANCIAL AID
AND AWARDS COMMITTEE
1. ACTION ITEM.
Selection of financial
aid audit program participants
a. Recommendation. Endorse the
following institutions’ participation in the financial aid audit pilot program:
Adrian College, Beaver College, Case Western Reserve University, Colby-Sawyer
College, Defiance College, Drew University, Kean University, Macalester
College, University of Maine-Farmington, Maryville University of Saint Louis,
Middlebury College, Nebraska Wesleyan University, Ohio Wesleyan University,
Rowan University, University of Scranton, Simpson College, State University of
New York – Brockport, Vassar College, Washington University – MO, Wilmington
College.
b. Rationale. The aforementioned
institutions were selected based on positive responses to the committee’s
request for participants and the committee’s selection criteria. The committee determined a diverse group of
institutions would provide an accurate assessment of the proposed audit
program. The criteria included: public,
private, non-football, enrollment of less than 1,500, enrollment greater than
1,500, 10 or more sports sponsored, less than 10 sports sponsored, and single
gender institutions. No single gender
institutions responded to the committee’s request for participants.
c. Budget Impact. $100,000 has been
previously approved to conduct the pilot program.
2. INFORMATIONAL ITEMS.
a. Financial
Aid Audit Pilot Program Timeline – The committee determined that the majority of
auditing firms conduct federal audits during the months of June and September. The NCAA financial aid audits will be done
in conjunction with the institution’s federal audits in September. The results will be sent to the NCAA
national office in September for the committee’s review at its October 2-3
meeting in Indianapolis. Results and
any legislative items resulting from the review will be forwarded to the
Division III Management Council and President’s Council for their October 22-23
and November 1 meetings.
b. Audit
Process Presentations. The committee has presented
information and received feedback regarding the proposed audit process and
compliance checklist at the following meetings:
NCAA Regional Rules Seminars in
La Jolla, Washington, DC, and New Orleans;
EASFAA (Eastern Association of
Student Financial Aid Administrators);
NACDA (National Association of
Collegiate Directors of Athletics);
The Division III Commissioners
Association meeting; and
NASFAA (National Association of
Student Financial Aid Administrators) July 23.