Withdrawals amp; Return to Title IV Funds Policy.ppt

Withdrawals Return to Title IV Funds Policy Brian Kerrigan Dan Klock Today’s Agenda Collection of withdrawal information R2T4 Calculation Notification Compliance self-monitoring DCL issues Questions Answers Presentation Objectives: Understand that R2T4 non-compliance is a top finding Today’s session will equip you to prevent R2T4 findings from occurring on your campus Collection of Withdrawal Information Institutions required to take attendance Outside entity has a requirement that the institution take attendance - Nov. 1, 2002 change (67 FR 67073) Collection of Withdrawal Information Date of Determination Required to Take Attendance When the student begins the official withdrawal process at the school When student exceeds the institution’s policy on excused absences, not more than 14 days after the withdrawal date Not Required to Take Attendance When the student begins the official withdrawal process at the school The date the institution becomes aware that the student has ceased attendance Collection of Withdrawal Information Withdrawal Date Required to Take Attendance The last recorded date of attendance from the institution’s attendance records Not Required to Take Attendance Begins the formal withdrawal process Date student provided intent to withdraw Midpoint – unofficial withdrawal The date an LOA began for a student who does not return from an LOA Illness, accident, grievous personal loss, events beyond the student’s control Academically-related event as documented by the school R2T4 Calculation For a standard term based program, use payment period. For a non-term based or non-standard term program, use payment period or period of enrollment. For a non-term or non-standard term based program, an institution must consistently use either a PP or POE for all students (in a category) in a particular program. R2T4 Calculation Percentage Earned is a two-step process Calc 1 – Determine Clock Hours Completed clock hours completed equals 60%, st