1. Deciphering R2T4
2018 ILASFAA Annual Conference: Celebrating the superhero in all of us!

2. Tim Marten St. John’s College of Nursing Timothy.marten@sjcs.edu
(217)

3. Plan of Action Introduction of R2T4 regulations
Discuss Components of R2T4 Calculation
Returning Title IV Aid
Uncommon Situations
Questions
Plan of Action

4. Federal Regulations that require students to earn Title IV aid by maintaining appropriate enrollment status
Requires institutions to return unearned portions of Title IV Aid
Full R2T4 regulations can be found at:
R2T4 Backstory

5. Do I have to Return Funds?
Calculating Attendance
Total Days in a semester
Number of days student was enrolled
Do not count breaks that are 5 days or longer
Academic Calendar determines days
Registrar assigns withdraw or drop date
<60% Attendance requires repayment
Do I have to Return Funds?

6. Sample academic calendar
Fall Semester
Classes Begin: August 14, 2017
Labor Day: September 4, 2017
Fall Break: Oct 9-Oct 13, 2017
Thanksgiving Break: Nov. 22–Nov. 24, 2017
Last Day of Class: Dec. 1, 2017
Finals Week: Dec. 4 - December 8, 2017
Sample academic calendar
103 Days
62 Days = 60%

7. Calculating How Much Title IV Aid to Return
CPS Calculation:
Hand Calculation Worksheet:

8. What Aid Goes Back Firs Reverse Packaging Ideology Unsub Loans
PLUS Loans
Pell Grant
ACG
SMART
FSEOG
TEACH Grant
Iraq/Afghanistan Service Grant

9. Alternate Universe: Bizzaro Student #1
Module Based Students
What do you do?
Full eligibility vs. As Earned?
Timeframe for Loans
Add/Drop Dates
Communication with Registrar
Academic Advisement?

10. Alternate Universe: Bizzaro Student #2
Campus Based and Additional Aid Students
Do you return FSEOG or Work Study?
Do you return and re-award?
What about VA Benefits?
What about ISAC MAP Grants?
Do you council student on lost benefits?
Conflicts between academic and financial decisions.

11. Riddle ME This
Questions ???

12. Tim Marten St. John’s College of Nursing Timothy.marten@sjcs.edu
(217)