Return of the Title IV Funds

Updated in June 2013 for the 2013-14 program year.    Return of the Title IV Funds 

Gives an overview of the provisions and examines how to handle a student's Title IV funds when they withdraw from school before completing the payment period or period of enrollment. In addition, the guide teaches you how to properly identify a Title IV recipient and the formula associated with the return of Title IV funds
 

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Learning Objectives

Lesson 1: Introduction to Return of Title IV Funds 

  • Recognize the general requirements for the return of Title IV funds;
  • Understand when the return of Title IV funds requirements apply;
  • Distinguish when the return of Title IV funds requirements don’t apply; and
  • Understand when a student is considered to have withdrawn from different types of academic programs.

Lesson 2: Determining the Withdrawal Date 

  • Recognize the importance of properly assigning a withdrawal date when calculating the return of Title IV funds;
  • Know how schools determine the withdrawal date depending upon whether or not they are required to take attendance;
  • Identify the different types of withdrawals;
  • Know how withdrawals are handled in programs offered in modules; and
  • Understand Title IV approved leaves of absence.

Lesson 3: Return of Title IV Funds Formula 

  • Recognize and understand the steps of the return of Title IV funds formula when disbursed aid exceeds earned aid

Lesson 4: Post-Withdrawal Disbursements and Time Frames 

  • Recognize and understand the steps of the return of Title IV funds formula when earned aid exceeds disbursed aid.

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