UConn faces a postseason ban because of several years of low scores on the NCAA's Academic Progress Rate.
In its waiver request, the school argued the penalty was applied retroactively and hurts current students, who had nothing to do with the low scores and have made significant improvements in recent years.
The NCAA's Committee on Academic Performance is meeting this week and may discuss changes to the APR that would allow it to use data from the two most recent academic years when determining a school's eligibility.
The governing body currently uses data from 2009-10 and 2010-11 in determining eligibility for the 2013 tournament.
UConn would qualify for next year's tournament under the proposed rule changes.