ICYMI: New Rules! July 1, 2021 R2T4 Implementation Assistance
The following AskRegs Knowledgebase Q&As are intended to assist schools with their implementation of the new return of Title IV funds (R2T4) rules that became effective on July 1, 2021, unless the school chose to implement the rules early. For these and other related Q&As, search “effective July 1, 2021” or “R2T4 exemption” or “freeze date” in the Knowledgebase. Additional detailed guidance can be found in NASFAA’s on-demand webinar — Changes Are Coming to R2T4 and Modules: Will You Be Ready on July 1, 2021? — and in the Department of Education’s (ED’s) Satisfactory Academic Progress & Return of Title IV Aid: New Regulation Overview webinar.
If We Implement R2T4 Rules On July 1, 2021, Does It Apply Only To Withdrawals On Or After July 1, 2021?
Effective July 1, 2021, How Do We Determine If a Student Is a Withdrawal From a Payment Period With Modules?
Is a Student Considered To Have Withdrawn If She Completes a Module But Earns an “F” In a Full-Term Course?
Is R2T4 Required If a Student Earns an "F" In the Only Module In Which He Was Enrolled For the Term?
How Do We Determine the Number Of Countable Days For the 49% R2T4 Exemption?
How Is Successful Completion Of a Module Defined In the New R2T4 Rules Effective July 1, 2021?
Does Enrollment In a Full-Term Course Impact Counting Days In Modules For the 49 Percent R2T4 Exemption?
Is an R2T4 Calculation Required If a Student Completes a Module That Is Not At Least 49 Percent Of the Payment Period?
Is a Student a Withdrawal If She Completes All Clock Hours Early Without Completing All Scheduled Weeks Of Instruction?
How Does Late Reporting Of Grades Affect R2T4 Processing Under the Rules Effective July 1, 2021?
Percentage of Payment Period Or Period of Enrollment Completed
How Do We Determine the Number Of Days In a Payment Period With Modules If We Don't Use an R2T4 Freeze Date?
How Do We Determine the Number Of Days In a Payment Period With Modules If We Use an R2T4 Freeze Date?
Do We Include a Module In the R2T4 Calculation If the Direct Loan Recipient Does Not Need the Module To Establish Half-Time Enrollment?
Is a Student Who Qualifies For an R2T4 Exemption Considered To Have Completed the Payment Period For Cash Management Purposes?
Can We Originate a Direct Loan After the Student Qualifies For an R2T4 Exemption For an Earlier Module In the Payment Period?
For NSLDS Enrollment Reporting, How Do We Report a Student Who Qualifies For an R2T4 Exemption?
Additional AskRegs Resources
R2T4 Decision Tree--Determining Whether a Student Has Withdrawn from a Standard- or Nonstandard-Term Program Offered in Modules [Effective July 1, 2021]
R2T4 Decision Tree--Determining Whether a Student Has Withdrawn from a Nonterm or Subscription-Based Program [Effective July 1, 2021]
Publication Date: 6/29/2021