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Session 27

Session 27. Using R2T4 on the Web: A Hands-On Overview. Marya Dennis, U.S. Department of Education Derek Kalm, Pearson Government Solutions. Agenda. A Brief History of Return of Title IV Funds (R2T4) What is R2T4 on the Web? What’s New? Accessing R2T4 on the Web

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Session 27

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  1. Session 27 Using R2T4 on the Web: A Hands-On Overview Marya Dennis, U.S. Department of Education Derek Kalm, Pearson Government Solutions

  2. Agenda • A Brief History of Return of Title IV Funds (R2T4) • What is R2T4 on the Web? • What’s New? • Accessing R2T4 on the Web • R2T4 on the Web functionality • Hands-on Exercises

  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. • 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 R2T4 • R2T4 PC Software became available on April 25, 2000 • R2T4 on the Web became available on September 14, 2004 • R2T4 on the Web with HERA updates became available on August 7, 2006

  5. 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 • Need to be enrolled on SAIG Enrollment web site (https://www.fsawebenroll.ed.gov/)

  6. What’s New? • The Higher Education Reconciliation Act (HERA) of 2005 (effective July 1, 2006) changed some steps in the Return of Title IV Funds calculation • R2T4 on the Web supports all Withdrawal Dates prior to and on or after July 1, 2006 • R2T4 PC software cannot be used for students who withdrew on or after July 1, 2006.

  7. Accessing R2T4 on the Web • Access through FAA Access to CPS Online • http://www.fafsa.ed.gov/FOTWWebApp/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

  8. R2T4 on the WebFunctionality

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

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

  11. Functions – R2T4 Record • Create New Record • Overview tab • Demographics tab • R2T4 tab • Post-withdrawal Disbursement tab • Notes tab • User Data tab

  12. Functions – R2T4 Record • Find Existing Record • Search by SSN and/or Last Name

  13. 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

  14. 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

  15. Functions – Data Export • Comma-delimited text file • Browse Data HERA impact to both of these.

  16. 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

  17. Questions and Comments • Need more information while at the conference? • Attend Session #11: Return of Title IV Funds: HERA Policy and Implementation Changes for additional detail. • Come to the PC lab for assistance.

  18. Hands-On Exercises

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