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Return of
Title IV Aid Worksheets:
Posted on January 4, 2000
Return of Aid Worksheets Available
We are pleased to announce the availability of worksheets to assist
institutions in their implementation of the "new" requirements for
the treatment of Title IV funds when a student withdraws. These new
requirements were added to the law by the Higher Education Amendments
of 1998 (Public Law 105-244) and are found in section 484B of the
Higher Education Act of 1965, as amended, and in the implementing
final regulations published on November 1, 1999 (64 FR 59016).
There is one worksheet for students who withdraw from credit-hour
programs, and one for students who withdraw from clock hour programs.
We developed the worksheets with the assistance of a review group
from the financial aid community who tested and provided feedback
on the Department's drafts.
Institutions are not required to implement the new requirements until
October 7, 2000. However, an institution may choose to implement the
new requirements earlier. For more information on early implementation,
see the November 1, 1999 final regulations.
These worksheets are to be used in conjunction with the requirements
and guidance of the November 1, 1999 final regulations (including
the preamble). The final regulations provide the necessary definition
of terms and explanations of the information that an institution is
to use for the calculation.
Examples of the use of the worksheet will be included in upcoming
Department training materials and in the Student Financial Aid Handbook.
We are also in the process of developing software that an institution
may use to determine the treatment of Title IV funds when a student
withdraws. We expect the software to be available in the Spring of
2000.
The use of these worksheets is optional. Institutions are not required
to use the worksheets for the determination of the treatment of Title
IV funds when as student withdraws. However, even if an institution
chooses not to use the worksheets, we recommend that all institutions
review them to better understand how the calculation works.
We hope you find this information helpful. If you have any questions,
you may contact Wendy Macias at (202) 708-8242.
Credit-Hour
Programs Worksheet 
File Size: 155KB;
Number of Pages: 3
To view this file, you'll need Acrobat Reader 4.0 or greater. Click
the icon to download a free copy.
Clock
Hour Programs Worksheet
File Size: 169KB;
Number of Pages: 3
To view this file, you'll need Acrobat Reader 4.0 or greater. Click
the icon to download a free copy.
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