I was aware of all this information including the new process for schools who have classes in modules as well. Something I learned at my last institution a year ago.
In this Module i have learned to identify the requirements and procedures necessary to obtain the funds awarded to their students, as well as the COD and calculate the return on Title IV funds.
In this module, I learned about the importance of exit counseling. This information is provided to help students understand their responsibility now that they have received their loans and the timeline for repayment is set to begin.
Thank you it was helpful.
Very interesting, informative and helpful.
Learned more on the abbreviations!
I learned that in order to be considered attending in a virtual setting, the student must participate in the class such as contributing in an online discussion or initiating contact with a teacher to ask a course-related question.
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How to return Title IV funds after exit of student
I have learned that DOD is very important and cannot be overlooked when completing a R2TIV
I was unaware that Exit Counseling must be conducted for outside loans.
I was unaware, until now, that there is a new R2T4 process related to programs taught in modules.
Making sure that all deadlines are met when it comes to reporting, processing and returning of funds is one of the most important roles that a Financial Aid Manager must monitor to stay in compliance.
It is helpful to have another set of eyes review all withdrawal calculations and files
This provided a clear flow of federal aid.
I am successfully learning about the requirements of returning funds, and the use of NSLDS. The processing of calulations in a timely manner and the the neccessity of change in Status Request form.
Have a better understanding of the financial aid flow : from receiving the isir to disbursement, to withdrawals and return of title 4 funds. Very informative and helpful.
FA is quite a process and requires steps to follow and instructions
Interesting and good info especially when it comes to abbreviations. Now i know more!
Process for return of Title IV funds for a student who withdraws.
I have learned about RT4. Is very important have knowledge about specific dated to return the funds if the student make a withdrawal, repayment options if have students loans ect.
