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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

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Session 22 l.jpg

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.


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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


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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.


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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”


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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


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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/)


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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.


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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


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R2T4 on the WebFunctionality


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Functions – Home/Welcome Page

  • Top Navigation

  • Left Navigation

  • Help links

  • Bottom Navigation


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Functions – Setup Screens

  • Institutional Charges

  • School Calendar Profile

  • User-Specified Fields


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Functions –R2T4 Record

  • Create New Record

  • Find Existing Record


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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


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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


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Functions – Data Export

  • Comma-delimited text file

  • Browse Data


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Technical Assistance

We appreciate your feedback and comments.

CPS/SAIG Technical Support can be reached at:

  • Phone:800-330-5947

  • Fax:319-665-7662

  • Email:CPSSAIG@ed.gov


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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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Hands-On Exercises


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