Finding Text
Return of Title IV (R2T4) Calculations DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The College returned Title IV funds for a modular student withdrawal that did not require funds to be returned based on the completion rate. Criteria: 34 CFR 668.22 Questioned Costs: $-0- Context: Out of 11 R2T4s tested, 1 student had $2,318 returned in unsubsidized federal direct loans returned though the student was eligible to retain their Title IV funds as they had dropped the second and third modules prior to the start of the second module resulting in the payment period being only the first module. Cause: There was an oversight when the student dropped the remaining modules while still enrolled in the first module, resulting in a calculation based on the whole semester instead of the one module. Effect: Noncompliance with new R2T4 regulations regarding withdrawals from modular programs. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College review the timing of drops for those students taking classes in modules to determine the period of enrollment to be used for the return calculation. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.