Return of Title IV Funds Worksheet Available
The Department of Education (ED) has developed worksheets to assist institutions with implementation of the new return of Title IV funds requirements. Separate worksheets are available for credit-hour and clock-hour programs. The use of these worksheets is optional. The worksheets can be found at TG Online (www.tgslc.org) under "Schools & Lenders."
Institutions must implement the new return of Title IV funds regulations by October 7, 2000, although earlier implementation is allowed. If an institution chooses to implement the regulations before October 7, 2000, the institution:
- Must implement the regulations in their entirety;
- Must apply the regulations to all students who withdraw on or after the institution's implementation of the regulations (i.e., not on a student-by-student basis); and
- Cannot revert to the old provisions of 34 CFR 668.22.
For more information about return of Title IV funds requirements and the use of the "Credit Hour Program" worksheet, refer to the article in Shoptalk Edition 103.
For questions about the return of Title IV funds, contact Customer Services at (800) 252-9743, ext. 4444 or by at firstname.lastname@example.org.
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