Return of Title IV Funds

NU - Online Course IconStart Date: September 10, 2018
Duration: 4 weeks
Cost: $299 per registrant (members and non-members)


This course provides an overview of the return of Title IV funds provisions and examines how to handle Title IV funds when a student withdraws from school before completing the payment period or period of enrollment. In addition, the course will teach you how to determine when and if a Title IV recipient has withdrawn, including those who withdraw from programs offered in modules. Finally, instruction will be provided on how to complete the formula associated with the return of Title IV funds and how to know if a late disbursement is required or permitted. 

Course Outline

  • Lesson 1 - Introduction to the Return of Title IV Funds
  • Lesson 2 - Determining the Student's Withdrawal Date
  • Lesson 3 - The Return of Title IV Funds Formula
  • Lesson 4 - Post-Withdrawal Disbursements and Timeframes

Course Structure

This course utilizes multiple teaching and learning methods to ensure participants develop a true understanding of the material. Live instruction, reading assignments, discussion forums, and assessments will reinforce key course concepts. 

As a participant of this course you will be asked to:

  • Review educational video lessons
  • Complete learning assessments
  • Engage in online discussions
  • Collaborate with other financial administrators 

Weekly due dates for assessments are included in the course syllabus, and all assessments must be submitted by the course end date. The live instruction classes last approximately one hour and are recorded for on-demand viewing by the course attendee. While attendance in the live sessions is optional, we do encourage you to attend due to the collaborative nature of the courses. Please see the Get-Together schedule below for this course (subject to change at the discretion of the course instructors):

Live Instruction Schedule

Date Time Session 
09/10/18 2:00 pm ET Intro Session and Lesson 1 Instruction
09/13/18 2:00 pm ET Application Session
09/17/18 2:00 pm ET Lesson 1 Review and Lesson 2 Instruction
09/20/18 2:00 pm ET Application Session
09/24/18 2:00 pm ET Lesson 2 Review and Lesson 3 Instruction
09/27/18 2:00 pm ET Application Session
10/01/18 2:00 pm ET Lesson 3 Review and Lesson 4 Instruction
10/04/18 2:00 pm ET Application Session
10/09/18 2:00 pm ET Lesson 4 Review*
    (*Please note this is a Tuesday session due to federal holiday.)

Credential Test Access

Complimentary access to the credential test is provided after successfully completing and passing the course.

Course Instructors

David TolmanDavid Tolman has been in the financial aid field since 1992. Like many financial aid administrators, he thought his first financial aid job would just be a temporary thing. Prior to joining NASFAA, David had worked in many positions in the financial aid office, including Director. He also taught Principles of Microeconomics courses when his schedule allowed. As an Instructional Design and Content Specialist at NASFAA, David is able to combine his experience in financial aid and his love of teaching and training. His education includes a Master’s degree from Arizona State University and a Bachelor’s degree from Brigham Young University. David lives with his family in Boise, Idaho.

Brenda HicksBrenda Hicks has worked in the field of higher education for 26 years and financial aid for the past 16 years. She currently serves as the Director of Financial Aid at Southwestern College in Winfield, Kansas where one of her primary responsibilities is reviewing the R2T4 calculations for Southwestern's traditional campus and online modular programs. Prior to entering the field of financial aid, she served Southwestern College as the Director of Admission. She received her Bachelor's Degree from Kansas State University and holds a Master's Degree from Wichita State University. She has led training events in state, regional and national venues, including recurring faculty roles at RMASFAA's Summer Institute and she is currently serving on the NASFAA Board as a NASFAA Representative at Large.

NASFAA U Course Policies

Attendance Requirements and Due Dates

While there is flexibility built into our online courses to accommodate busy work and life schedules, our courses have weekly due dates, and all assessments must be submitted by the course end date. These due dates will be available in the syllabus, which becomes available on the first day of the course. 

We also strongly encourage participation in the live instruction sessions, but archives will be available for on-demand viewing. 

Technical Requirements

Your online course will be fully browser-based. We strongly recommend using Google Chrome or Firefox as your internet browser, especially for the live instruction meetings. Internet Explorer will not function correctly. The audio portion of online courses will be delivered directly through your computer’s speakers or attached headphones. We recommend you test your computer's ability to stream audio prior to joining the first live session. We encourage you to have a microphone set up so you can participate in our live instruction sessions, although it is not required. 


If you require any special accommodations for this course, please contact us at Accommodations must be requested at least two weeks prior to the start of the course.


By submitting your registration, you agree to the following cancellation schedule:

  • $25 cancellation fee before September 6, 2018
  • $50 cancellation fee September 6 - September 9, 2018

If you do not cancel by 6:00 am ET September 10, 2018, you will be responsible for the full amount of the registration fee. Medical emergencies will be re-scheduled to another available course with a doctor’s note.

Requests to cancel must be sent to

Additional Questions

For additional questions, please review the helpful guide of Online Course Frequently Asked Questions.

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