Navigating R2T4 MASFAA November 16, 2006 Allene Begley Curto, Springfield College Thomas Threlkeld, US ED.

Slides:



Advertisements
Similar presentations
Return of Title IV Funds FASFAA Region V Workshop April 1, 2011
Advertisements

BEST PRACTICES What Forms Should a Student’s Financial Aid File Contain?
Return of Title IV Funds - Modules Dan Klock NASFAA 2013.
New Aid Officer Training Return to Title IV (R2T4) Patrick Harris Athens Technical College.
The Office of Financial Aid McAllen Phone Number: Website:
2014 Tri-State Fall Conference Presented by Yvonne Davis and Julie Lindenmeier.
Tracking Unofficial Withdrawals. Wednesday, November 7, :00-3:00 Palm Garden Ballroom E 2013 WASFAA Conference2.
RETURN OF TITLE IV AID REGULATORY CHANGES 34 CFR Final Regulation Published October 29, 2010 OASFAA Dublin, OH May 24, 2011.
Presented by: Amy Capps University of Utah.  When one or more courses in an academic program do not span the entire length of a payment period or period.
Program Integrity Final Rule Return of Title IV Funds (R2T4) – Modules or Compressed Courses.
National Association of Student Financial Aid Administrators The following is a presentation prepared for: ILASFAA Springfield, IL April 1 – 4, 2014.
Photo or Art Optional R2T4 – Return of Title IV Funds VASFAA – May 2014 Laurie Owens, Director of Financial Aid.
RAWR……or R2T4 Crystal Bruntz Director of Financial Aid Avila University.
Return of Title IV funds Sandra Cronin Senior Associate Director Point Park University.
Compliance Concerns: R2T Spring Conference WASFAA Federal Issues Committee Susan Johnson, UW-Whitewater Kristina Klemens, UW-Parkside Julie Waldvogel-Leitner,
TASFAA New Aid Officers Workshop Kevin Campbell Training Officer United States Department of Education 1.
Avoiding Pitfalls in the Return of Title IV John Gritts - MSURSD.
RETURN OF TITLE IV FUNDS Vicki Kucera November 1, 2013 NeASFAA Support Staff Workshop.
Navigating R2T4 NHASFAA 2012 Allene Begley Curto Springfield College.
Session # 25 R2T4 COMPLIANCE ISSUES Dan Klock Federal Student Aid.
R2T4: Basics and Beyond LASFAA 2009 Fall Conference Current as of October 2009 ©2009 Texas Guaranteed Student Loan Corporation To order additional.
Return of Title IV PASFAA SPRING TRAINING 2015 PRESENTED BY: JANET MCLAUGHLIN (WEST) AND LINDA ROSS (EAST)
TASFAA Conference 2014 Dianne Cox, UTC Jeanne Hinchee, Chattanooga State Based on NASFAA Fall 2013 Training Compliance and Campus Collaboration – R2T4.
2015 PACE/USO TDN Conference Angela Smith, Training Officer U.S. Department of Education Return of Title IV Funds – The Basics.
Dan Klock and David Musser | Dec U.S. Department of Education 2014 FSA Training Conference for Financial Aid Professionals Basics of Return of Title.
Session #29 Foreign Schools R2T4 Greg Martin Byron Scott U.S. Department of Education.
Return of Title IV Funds R2T4 NYSFAAA REGION VII PRESENTER DEBRA HANSEN STONY BROOK UNIVERSITY.
2 Session 102 The Return of Title IV Funds 3 Your presenters are Wendy Macias Philip Aaronson
Dan Klock and David Musser | Nov U.S. Department of Education 2014 NCASFAA Fall Conference Return of Title IV Funds – Modules.
U.S. Department of Education 2012 Fall Webinar Training Series Return of Title IV Funds: Modules.
Return of Title IV Funds: Solving the Mystery Ann Marie Gruber Lakeland Community College
MASFAA 2013 October 6 th – 9 th, 2013 Indianapolis, Indiana Return of Title IV Funds Jamie A. Malone U.S. Department of Education.
Return to Title IV: Are Your Withdrawals Passing the Compliance Test? Presented By: Vanessa M. Fulton Georgia Institute of Technology.
Session FF-10 Disbursing Title IV Funds Jamie Malone U.S. Department of Education.
SuperHERA The Higher Education Reconciliation Act is Not Your Nemesis.
National Association of Student Financial Aid Administrators Presents … © NASFAA 2011 Return of Title IV Funds.
Return of Title IV Funds (With Changes from HERA) Higher Education Reconciliation Act of 2005 (P. L ) Brian Kerrigan Dan Klock Session 11.
Withdrawals & Return to Title IV Funds Policy Brian Kerrigan Dan Klock Session 32.
National Association of Student Financial Aid Administrators Presents… © NASFAA 2006 Return of Title IV Funds Module 12.
U.S. Department of Education Office of Postsecondary Education Return of Title IV funds NASFAA Conference July 2000.
Title IV Administration for Clock-Hour Programs MAFAA 2012 Spring Conference.
Session #17Session 17 a RETURN OF TITLE IV FUNDS - back to the basics.
Cash Management Notifications And Authorizations.
Session #46 R2T4 – Back to Basics Dan Klock U.S. Department of Education.
Session #45 R2T4 Funds New Regulations Dan Klock U.S. Department of Education.
Session 45 - Tribal Colleges: The Basics 1 Tribal Colleges: The Basics Return of Title IV Funds R2T4 Deborah Tarpley Department of Education, Region VIII.
“The Basics…with a Touch of Modules” Return of Title IV Funds (R2T4): 2015 NJASFAA Fall Conference Atlantic City, NJ November 12, 2015 Craig D. Rorie,
Return of Title IV Funds With Changes from the Higher Education Reconciliation Act (HERA) of 2005 Public Law Dan Klock Federal Student Aid.
Return of Title IV (R2T4) The basics of R2T4 plus a look at the rules for programs offered in modules.
Satisfactory Academic Progress To be eligible for FSA funds, a student must make Satisfactory Academic Progress, and your school must have a reasonable.
NASFAA 2003: Reconnecting With Students!. 2 The Return of Title IV Funds.
TASFAA New Aid Officers Workshop Kevin Campbell Training Officer United States Department of Education 1.
National Association of Student Financial Aid Administrators Presents … © 2015 NASFAA Return of Title IV Funds Module 12.
Demystifying R2T4 for programs offered in modules.
2016–17 Return of Title IV Funds A NASFAA Authorized Event Presented by [Name of Presenter/Association] [Location] [Date], 2016.
It’s Time to Light the Lights 2016 ILASFAA Annual Conference
Calculating a R2T4 Refund
Calculating a R2T4 Refund
Return of Title IV Funds A NASFAA Authorized Event Presented by [Name of Presenter/Association] [Location] [Date], 2017.
Return of Title IV Funds
Assistant Director of Financial Aid
R2T4: Return of Title IV Funds
MASFAA Conference November , 2015
You Mean I’m Not Your Only School?
Clock Hour Basics – Administering Title IV Programs
Return of Title IV Funds (R2T4)
Associate Director of Financial Aid
R2T4 for Modular Based Programs
What Faculty Advisors and Deans Need to Know About Financial Aid
Pell: It’s Complicated!
Presentation transcript:

Navigating R2T4 MASFAA November 16, 2006 Allene Begley Curto, Springfield College Thomas Threlkeld, US ED

Navigation Tools for Return of Federal Aid When we are required to return federal aid When we are required to return federal aid When we are required to offer federal aid not yet disbursed When we are required to offer federal aid not yet disbursed How a student earns federal aid based on attendance How a student earns federal aid based on attendance How we know when a student has begun or has withdrawn (officially or unofficially) How we know when a student has begun or has withdrawn (officially or unofficially) What has changed with HERA What has changed with HERA

The Basic Concepts behind the Requirements… If you never began attending, you are not eligible for federal aid If you never began attending, you are not eligible for federal aid If you began but did not complete the term, you may not be eligible for all of the aid that you received If you began but did not complete the term, you may not be eligible for all of the aid that you received If you began but did not complete the term, you may still be eligible for some of the aid that you did not yet receive If you began but did not complete the term, you may still be eligible for some of the aid that you did not yet receive US ED requires the school to know if a student began attendance and whether they completed the term US ED requires the school to know if a student began attendance and whether they completed the term

We are required to return federal aid… If a student began attendance, but withdrew before completing 60% of the term If a student began attendance, but withdrew before completing 60% of the term If a student failed to pass any course in a term and the school can not document that the student completed at least 60% of the term If a student failed to pass any course in a term and the school can not document that the student completed at least 60% of the term

We are required to offer a post-withdrawal disbursement.... If a student began attendance, did not complete the term, but has earned aid which has not yet been disbursed, and If a student began attendance, did not complete the term, but has earned aid which has not yet been disbursed, and The student meets the requirements for a late disbursement The student meets the requirements for a late disbursement

What Aid has been earned? Did they begin? Did they begin? Did they complete? Did they complete? If they began but didn’t complete, what percent of the term did they complete? If they began but didn’t complete, what percent of the term did they complete? What do we know and when did we know it? What do we know and when did we know it?

Who Knows? Who Tells FAO? How does the school know if a student began attendance in at least one course? How does the school know if a student began attendance in at least one course? How does the school know if the student stopped attending? How does the school know if the student stopped attending? Who reviews students who fail to pass at least one course in a term? Who reviews students who fail to pass at least one course in a term? How is FAO notified on any and all of the above? How is FAO notified on any and all of the above? How is it documented by the school? How is it documented by the school?

Percentage Completed Days Attended divided by Days in the Term = Percentage completed Exclude scheduled breaks that are at least 5 consecutive days from both Days Attended and Days in the Term

Nonterm Credit Hours Clock Hours Nonterm Credit Hour programs – Number of Credit hours expected to be completed in payment period divided by number of credit hours completed at withdrawal. Nonterm Credit Hour programs – Number of Credit hours expected to be completed in payment period divided by number of credit hours completed at withdrawal. Clock Hours – Total number of clock hours scheduled to be completed at time of withdrawal divided by total clock hours in period Clock Hours – Total number of clock hours scheduled to be completed at time of withdrawal divided by total clock hours in period

HERA CHANGES Effective for withdrawals that occurred on or after July 1, 2006 Effective for withdrawals that occurred on or after July 1, 2006 Scheduled Clock Hours Scheduled Clock Hours Leaves of Absence Leaves of Absence Grant Overpayments Grant Overpayments Programs from which Funds are Returned Programs from which Funds are Returned Return of Funds Timeline Return of Funds Timeline Post-Withdrawal Disbursement Counseling Post-Withdrawal Disbursement Counseling

HERA Changes - Clock Hours Only scheduled hours are used, no longer any formula to determine whether it should be scheduled or completed Only scheduled hours are used, no longer any formula to determine whether it should be scheduled or completed A student earns 100% of his or her aid if the student’s withdrawal date is after the point that he or she was scheduled to completed at least 60% of the scheduled hours in the payment period or period of enrollment A student earns 100% of his or her aid if the student’s withdrawal date is after the point that he or she was scheduled to completed at least 60% of the scheduled hours in the payment period or period of enrollment

HERA Changes – Leaves of Absence US ED clarifies that an institution may grant more than one leave of absence to a student US ED clarifies that an institution may grant more than one leave of absence to a student Other LOA rules remain No more than 180 days total in any 12 month period No more than 180 days total in any 12 month period Must follow school’s written policy Must follow school’s written policy School may not asses any additional charges School may not asses any additional charges …and all other LOA requirements …and all other LOA requirements

HERA Changes – Grant Overpayment Limited to the amount by which the original grant overpayment is greater than half of the total Title IV grant funds received by student Limited to the amount by which the original grant overpayment is greater than half of the total Title IV grant funds received by student A student does not have to repay a grant overpayment of $50 or less A student does not have to repay a grant overpayment of $50 or less No changes to the grant repayments required to be made by the school No changes to the grant repayments required to be made by the school

HERA Changes – Programs from which Funds are Returned Pell Grant, SEOG, FFEL, Federal Direct Loan, Federal Perkins Loan, ACG, SMART Pell Grant, SEOG, FFEL, Federal Direct Loan, Federal Perkins Loan, ACG, SMART No longer applies to LEAP, SLEAP, GEAR UP and SSS No longer applies to LEAP, SLEAP, GEAR UP and SSS No change to the exclusion of FWS No change to the exclusion of FWS

HERA Changes – Post-Withdrawal Disbursement Counseling School required to contact student prior to making a post-withdrawal disbursement of loan funds School required to contact student prior to making a post-withdrawal disbursement of loan funds Explain obligation to repay loan funds Explain obligation to repay loan funds Confirm loan funds still required by student Confirm loan funds still required by student Document result of contact in file Document result of contact in file Applies even if student owes balance to school Applies even if student owes balance to school

HERA Changes – Return of Funds Timeline Must return unearned funds within 45 days of the date that it determines that student ahs withdrawn (previously 30 days) Must return unearned funds within 45 days of the date that it determines that student ahs withdrawn (previously 30 days) Note that date that school determines student has withdrawn is not the date that FAO became aware of the fact! Note that date that school determines student has withdrawn is not the date that FAO became aware of the fact! Note that return is required in 45 days, not just the calculation! Note that return is required in 45 days, not just the calculation!

Why we should know if a student began/completed the term… Successful completion of the educational program is the goal Successful completion of the educational program is the goal Enrollment retention requires knowledge of who is really here Enrollment retention requires knowledge of who is really here Students need response/support/action if not attending or don’t register Students need response/support/action if not attending or don’t register

QUESTIONS AND ANSWERS