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Session 22 A Hands-On Tour of Return of Title IV Funds (R 2 T Session 22 A Hands-On Tour of Return of Title IV Funds (R 2 T 4) on the Web Dan Klock, U. S. Department of Education Derek Kalm, Vangent, Inc.

Agenda • A Brief History of Return of Title IV Funds (R 2 T Agenda • A Brief History of Return of Title IV Funds (R 2 T 4) • What is R 2 T 4 on the Web? • Accessing R 2 T 4 on the Web • R 2 T 4 on the Web functionality • Hands-on Exercises 2

A Brief History of R 2 T 4 • Simply stated: If a recipient A Brief History of R 2 T 4 • 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. 3

A Brief History of R 2 T 4 • Prior to 1999/2000 called “Refunds A Brief History of R 2 T 4 • 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” 4

A Brief History of R 2 T 4 • R 2 T 4 PC A Brief History of R 2 T 4 • R 2 T 4 PC Software became available on April 25, 2000 • R 2 T 4 on the Web was released on September 14, 2004 • R 2 T 4 on the Web with HERA updates became available on August 7, 2006 5

What is R 2 T 4 on the Web? • Web-based software that calculates What is R 2 T 4 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/) 6

The HERA of 2005 • Last year, The Higher Education Reconciliation Act (HERA) of 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 R 2 T 4 PC software for students who withdrew on or after July 1, 2006. 7

Accessing R 2 T 4 on the Web • Access through FAA Access to Accessing R 2 T 4 on the Web • Access through FAA Access to CPS Online • http: //www. fafsa. ed. gov/FOTWWeb App/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 8

R 2 T 4 on the Web Functionality 9 R 2 T 4 on the Web Functionality 9

Functions – Home/Welcome Page • Top Navigation • Left Navigation • Help links • Functions – Home/Welcome Page • Top Navigation • Left Navigation • Help links • Bottom Navigation 10

Functions – Setup Screens • Institutional Charges • School Calendar Profile • User-Specified Fields Functions – Setup Screens • Institutional Charges • School Calendar Profile • User-Specified Fields 11

Functions –R 2 T 4 Record • Create New Record • Find Existing Record Functions –R 2 T 4 Record • Create New Record • Find Existing Record 12

Functions – Status Screens • Student Notification • Student Repayment Arrangements (2) • School 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 13

Functions – Reports • Student Listing • Student Notification • Student Repayment Arrangements • Functions – Reports • Student Listing • Student Notification • Student Repayment Arrangements • School Portion of R 2 T 4 Returned • Students With a Post-Withdrawal Disbursement • Student Records Referred to Dept. of Education 14

Functions – Data Export • Comma-delimited text file • Browse Data 15 Functions – Data Export • Comma-delimited text file • Browse Data 15

Technical Assistance We appreciate your feedback and comments. CPS/SAIG Technical Support can be reached 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: [email protected] gov 16

Questions and Comments • Need more information while at the conference? –Attend Session #25: 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. 17

Hands-On Exercises 18 Hands-On Exercises 18