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Comprehensive Program Review
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Are you as good as you want to be?
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Organizations that desire to have a student
financial aid program be the best that it can be, with the help
of a comprehensive review, are taking timely and necessary action
in the dynamic higher education administrative environment of
today. Todd & Associates will complete a review and have
the comprehensive report in the hands of college officials within
60 days of the review start date.
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An organization has to take extra precautions to avoid serious
compliance problems and operate in a cost-effective manner. Regulatory
changes resulting from the 1998 Reauthorization of Title IV Programs
have a great impact on financial aid delivery systems due to changes
in student eligibility, disbursements, reconciliation and reporting
requirements. Even features that did not change require constant
monitoring to ensure appropriate operating results.
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Todd & Associates (T&A) utilizes its 22 plus years of experience
with conducting management audits, program and quality assurance
reviews to assist an organization with operating a financial aid
program so that it can be the best that it can be. The firm's
approach includes close collaboration with affected management
staff in the many areas that share responsibility for some aspect
of the financial aid program. A major portion of T&A's compliance
testing is based on the organization's readiness and implementation
of program features impacted by recent, current and anticipated
regulatory initiatives resulting from the 1998 Title IV Reauthorization.
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T&A incorporates information from recent audits, reviews and
other management evaluations of issues and challenges facing the
organization. Information from observations, interviews, T&A's
technical library and other sources of "best practices", including
the U.S. Department of Education program review tools are part
of the review process. Systematic sampling of various transactions
involved in service delivery is a major part of the compliance
portion of the review. Additionally, students and staff are interviewed
to identify any issues that may impact service delivery, compliance
and effectiveness.
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T&A assigns senior staff with extensive backgrounds in the
administration of financial aid programs at organizations similar
to the organization being reviewed. Additionally, the college
has an opportunity to assemble a variety of records and information
that will be reviewed by the firm prior to the initial onsite
entrance interview. Once onsite, the firm participates in entrance
interviews and immediately begins compliance testing, observing
and conferring with officials regarding the conduct of the review
activities.
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