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. 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. 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. 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. 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. 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. 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 Web Functionality

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

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

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

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

13. 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. 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. 15 Functions – Data Export Comma-delimited text file Browse Data HERA impact to both of these.

16. 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. 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