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Navigating R2T4
NHASFAA 2012Allene Begley Curto Springfield College
Navigation Tools for Return of Federal Aid When we are required to return
federal aid When we are required to offer federal
aid not yet disbursed How a student earns federal aid based
on attendance How we know when a student has
begun or has withdrawn (officially or unofficially)
The Basic Concepts behind the Requirements…
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 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
We are required to return federal aid… If a student began attendance,
but withdrew before completing 60% of the term
If a student failed to pass at least one course that “spanned the term” and the school can not document that the student completed at least 60% of the term
We are required to offera post-withdrawal disbursement.... 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
What Aid has been earned? Did they begin? Did they complete? If they began but didn’t complete,
what percent of the term did they complete?
In how many courses did they actually begin?
What do we know and when did we know it?
What Aid “could have been disbursed”? Was Stafford loan originated prior to
WD? Did student complete MPN prior to the
calculation? Was SEOG/Perkins awarded prior to
WD? Just because it could have been
disbursed doesn’t mean that you will disburse 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 the student stopped attending?
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 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 HoursClock 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.
Clock Hours – Total number of clock hours scheduled to be completed at time of withdrawal divided by total clock hours in period
Modules
Do all courses span the entire term?
Are there groups of courses that begin and end in less than the full term?
Do you have formal modules within the term with a specific begin and end date?
Formal Modules
Segments within the term If withdraws from one segment
must calculate return unless signs statement plans to enroll for next module
Even if signed statement will need to calculate return if does not enroll
Courses that do not span the term Attends course that has class
meetings/academic activities that do not span the term
If does not begin attendance in other courses, recalculate aid
If does not attend the full portion of term for which the course is scheduled may need to return aid and/or recalculate aid
Attendance
Must be documented by school – not just a statement by the student
If you are “required” to take attendance, you must use the last date of attendance (and not date of withdrawal for example)
Attendance can be an academic activity and not just a scheduled class date
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
A student does not have to repay a grant overpayment of $50 or less
Programs from which Funds are Returned
Pell Grant, SEOG, FFEL, Federal Direct Loan, Federal Perkins Loan, ACG, SMART
No funds are returned from FWS
Post-Withdrawal Disbursement Counseling
School required to contact student prior to making a post-withdrawal disbursement of loan funds
Explain obligation to repay loan funds Confirm loan funds still required by
student Document result of contact in file Post-withdrawal from loan to school
requires consent even if student owes balance to school
Return of Funds Timeline Must return unearned funds within 45
days of the date that it determines that student has withdrawn
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, but the calculation must still be done in 30 days from date school determined WD!
Why we should know if a student began/completed the term… Successful completion of the
educational program is the goal Enrollment retention requires
knowledge of who is really here Students need
response/support/action if not attending or don’t register
QUESTIONS AND ANSWERS