News

Program to Help HBCUs Assess Good Financial Practices

by Black Issues , July 31, 2003

  •  The scope of the review is established in a letter of engagement between the institution and NASFAA.
  • The institution submits demographic data and other information to NASFAA and a preliminary institutional assessment is conducted.
  • NASFAA then selects a customized peer review team comprised of experienced financial aid administrators who visit the institution and perform an in-depth, on-site review of the financial aid operations. The review team spends two days to one week on the campus.
  • Following the on-site review, the team compiles an objective evaluation of the institution's financial aid program and presents its findings in an exit interview to administrators designated by the institution.
  • Finally, the peer review team prepares and submits a confidential written report that identifies the institution's good financial aid practices, cites any compliance issues, and suggests improvements.
For more information on the Standards of Excellence ­­Review Program, visit <www.NASFAA.org/SOE.asp>.  


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