Don't know about the old days - I can go back a long way and LSU this past season just won the BCS Nat Championship with 2 losses. LSU also won the mythical AP National Championship also.
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Yes ... Troy won the NAIA national championship in 1968 and the NCAA Division II national championship in 1984 and 1987.
Appalachian State University
In NCAA division 2 there is a playoff that culminates in a championship game. Imagine that.
Nebraska Cornhuskers
Indiana beat Michigan, 86-68, in the 1976 NCAA Men's Championship game.