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Session 22. A Hands-On Tour of Return of Title IV Funds (R2T4) on the Web. Dan Klock, U.S. Department of Education Derek Kalm, Vangent, Inc. Agenda. A Brief History of Return of Title IV Funds (R2T4) What is R2T4 on the Web? Accessing R2T4 on the Web R2T4 on the Web functionality

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session 22

Session 22

A Hands-On Tour of Return of Title IV Funds (R2T4) on the Web

Dan Klock, U.S. Department of Education

Derek Kalm, Vangent, Inc.

agenda
Agenda
  • A Brief History of Return of Title IV Funds (R2T4)
  • What is R2T4 on the Web?
  • Accessing R2T4 on the Web
  • R2T4 on the Web functionality
  • Hands-on Exercises
a brief history of r2t4
A Brief History of R2T4
  • Simply stated: If a recipient of Title IV aid withdraws during a payment period or a period of enrollment, the institution must calculate the amount of Title IV aid the student earned.  Unearned Title IV funds must be returned to the Title IV programs.
a brief history of r2t44
A Brief History of R2T4
  • Prior to 1999/2000 called “Refunds and Repayments” (refund of unearned institutional charges)
  • Effective July 1, 2000, the 1998 Reauthorization of the HEA and Negotiated Rule Making changed this regulation to “the Treatment of Title IV, HEA program funds when a student withdraws from an institution”, AKA “Return to Title IV Funds”
a brief history of r2t45
A Brief History of R2T4
  • R2T4 PC Software became available on April 25, 2000
  • R2T4 on the Web was released on September 14, 2004
  • R2T4 on the Web with HERA updates became available on August 7, 2006
what is r2t4 on the web
What is R2T4 on the Web?
  • Web-based software that calculates and manages the return of Title IV funds
  • Available through FAA Access to CPS Online
  • Must be enrolled on SAIG Enrollment web site (https://www.fsawebenroll.ed.gov/)
the hera of 2005
The HERA of 2005
  • Last year, The Higher Education Reconciliation Act (HERA) of 2005 (effective July 1, 2006) changed some steps in the Return of Title IV Funds calculation
    • Do not use the R2T4 PC software for students who withdrew on or after July 1, 2006.
accessing r2t4 on the web
Accessing R2T4 on the Web
  • Access through FAA Access to CPS Online
  • http://www.fafsa.ed.gov/FOTWWebApp/faa/faa.jsp
  • “Confirming Your Identity” (SSN, Last Name, DOB, PIN)
  • FAA Main Menu – Select the “Return of Title IV Funds on the Web” option
  • Enter TG# and Federal School Code
functions home welcome page
Functions – Home/Welcome Page
  • Top Navigation
  • Left Navigation
  • Help links
  • Bottom Navigation
functions setup screens
Functions – Setup Screens
  • Institutional Charges
  • School Calendar Profile
  • User-Specified Fields
functions r2t4 record
Functions –R2T4 Record
  • Create New Record
  • Find Existing Record
functions status screens
Functions – Status Screens
  • Student Notification
  • Student Repayment Arrangements (2)
  • School Portion of Title IV Funds (2)
  • Students with a Post-withdrawal Disbursement
  • Student Records Referred to Dept. of Education
functions reports
Functions – Reports
  • Student Listing
  • Student Notification
  • Student Repayment Arrangements
  • School Portion of R2T4 Returned
  • Students With a Post-Withdrawal Disbursement
  • Student Records Referred to Dept. of Education
functions data export
Functions – Data Export
  • Comma-delimited text file
  • Browse Data
technical assistance
Technical Assistance

We appreciate your feedback and comments.

CPS/SAIG Technical Support can be reached at:

questions and comments
Questions and Comments
  • Need more information while at the conference?
    • Attend Session #25: Return of Title IV Aid: Problem Areas and Compliance Issues
    • Come to the PC lab for assistance.
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