Once you purchase a test, you will gain access to the testing center at credential.nasfaa.org using your NASFAA login (email and password). In the testing center, the Platform Tutorial will demonstrate navigation.
To earn this credential, you will need to know how to handle a student’s Title IV funds when he withdraws from school before completing the payment period or period of enrollment. You will need to know the basic requirements for the return of Title IV funds (R2T4), whether and when to apply the requirements, how to determine the student’s withdrawal date, how to calculate the return of funds for each Title IV program, all applicable deadlines, and the rules for making post-withdrawal disbursements. This will help you demonstrate the ability to protect the integrity of the Title IV programs by ensuring your school promptly returns federal funds for which a withdrawn student no longer qualifies.
The range of topics in this test include:
Tests may include questions pertaining to a variety of program structures, such as credit- or clock-hour, term or nonterm, standard or nonstandard term, undergraduate or graduate/professional programs, and programs of various length (shorter than one year, two-year, four-year, certificate, etc.).
All tests will include a combination of multiple-choice and scenario-based questions. Some questions may involve viewing or downloading worksheets, charts, and tables. Please ensure you have a calculator available while taking a credential test.
Review the following examples, which are similar in structure and scope to the questions that will appear on the test for this topic. Check your answers by selecting the question's link.
4. A student notifies the school on September 1 that she intends to withdraw, begins the official withdrawal process on September 15, and completes the official withdrawal process on October 1. If the school is not required to take attendance, the school determines the withdrawal date as
Prepare for this test by reviewing related content in resources such as:
Publication Date: 4/1/2020