1. Session C-01 A Hands-on Tour of Return of Title IV Funds (R2T4) on the Web Marya Dennis Dan Klock U.S. Department of Education Derek Kalm Vangent, Inc.

2. 2 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

3. 3 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.

4. 4 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”

5. 5 A Brief History of R2T4 April 25, 2000: R2T4 PC Software became available September 14, 2004: R2T4 on the Web was released August 7, 2006: HERA update July 27, 2008: CCRAA update Sept. 28, 2008: Non-CCRAA update

6. 6 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/ https://www.fsawebenroll.ed.gov/

7. 7 R2T4 Regulatory Changes The Higher Education Reconciliation Act (HERA) of 2005 (effective July 1, 2006), and The College Cost Reduction and Assistance Act (CCRAA) (effective July 1, 2008) Changed some steps in the original Return of Title IV Funds calculation

8. 8 R2T4 Regulatory Changes Use R2T4 on the Web to calculate all Withdrawal Dates Do not use the R2T4 PC software for students who withdrew on or after July 1, 2006

9. 9 Accessing R2T4 on the Web Access through FAA Access to CPS Online http://www.fafsa.ed.gov/FOTWWeb App/faa/faa.jsphttp://www.fafsa.ed.gov/FOTWWeb App/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

10. R2T4 on the Web Functionality

11. 11 Functions – Home/Welcome Page Top navigation Left navigation Help links Bottom navigation

12. 12 Functions – Setup Screens Institutional charges School calendar profile User-specified fields

13. 13 Functions – R2T4 Record Create new record Find existing record - Demographic screen - Create R2T4 record Title IV programs Calculation - Create post-withdraw disbursement Record - Notes tab

14. 14 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

15. 15 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

16. 16 Functions – Data Export Comma-delimited text file Browse data

17. 17 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

18. 18 Questions and Comments Need more information while at the conference? –Attend session C-25: R2T4 Compliance Issues –Come to the PC lab for assistance

19. 19 Hands-on Exercises