REPORT OF THE
NCAA DIVISION III
FINANCIAL AID AND AWARDS COMMITTEE
1. ACTION ITEM.
Modification of NCAA Bylaw 15.4.4.
(1) Recommendation. The committee recommends that the NCAA
Division III Management Council amend NCAA Bylaw 15.4.4.
(2) Rationale.
The intent of the 2001 Proposal
No. 46 was to simplify the financial aid regulations in Bylaw 15 and make them
more consistent with the Division III philosophy on financial aid. Currently, Bylaw 15.4.4 makes reference
to Bylaw 15.4.9 that was included among the deregulated bylaws at the 2001 NCAA
Convention. Additionally, Bylaw
15.4.4 indicates that any financial assistance provided to student-athletes
must be based on need. Such
provisions are counter to the intent of the deregulation efforts in Bylaw 15. Therefore, Bylaw 15.4.4 should be
modified to specify that the methodologies used to determine a
student-athlete’s financial need conform to federal, state and written
institutional guidelines and that the methodologies are consistent with the
methodologies used for the general student body.
(3) Budget impact. None.
2. INFORMATION
ITEMS.
a. Financial
Audit Task Force Proposed Definitions of Key Terms. The committee reviewed a
working draft of the financial aid audit definition of key terms developed by
the NCAA Division III Financial Aid Audit Task Force. The terms will be used to define the data elements that
institutions will be required to submit as they perform the financial aid
audit. The committee was
supportive of the work of the task force and its proposed definitions of key
terms.
b. NCAA
Division III Guide to Financial Aid.
The committee reviewed the Division III Guide to Financial Aid and
agreed that, inasmuch as a significant portion of the information in the guide
has be deleted because of the deregulation of Bylaw 15 and the continuing
developments of the financial aid audit process, athletics directors and
financial aid administrators should be notified via electronic mail that the
updated guide may be accessed on the NCAA Web site.