All tests will include a combination of multiple-choice and scenario-based questions. The following examples are similar in structure and scope to the questions that will appear on the test for this topic.

1. A school must always return any unearned Title IV funds it is responsible for returning within __________ of the date the school determined the student withdrew.

• 14 days
• 30 days
• CORRECT: 45 days
• 180 days

Return to Sample Test Questions

2. Which of the following funds are NOT included in an R2T4 calculation?

• Federal Pell Grant
• TEACH Grant
• Parent PLUS Loan
• CORRECT: FWS

Return to Sample Test Questions

3. 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

• CORRECT: September 1.
• September 15.
• October 1.
• the midpoint of the payment period.

Return to Sample Test Questions