Dividing the Functions of Awards and Disbursing Funds

In compliance with the Separation of Duties clause from Federal Title IV regulations, the College ensures internal checks and balances by separating functions of financial aid payment authorization and disbursement delivery. Oak Valley’s Financial Aid Officer is responsible for financial aid payment authorization, while Educational Compliance Management, Oak Valley’s financial aid processor, is responsible for the delivery of financial aid disbursement to students. This division is to ensure that no single person or office exercises both functions of administering federal and/or state student aid funds.