Form To Check Return Of Title IV Aid - Revision Date: May 9, 2003

Disclaimer: For an unspecified period before April 2003 there was a glitch in this form that may have led to inaccurate return of aid calculations. Please check yours. This form is designed for calculating the appropriate refund due to a student under the NACCAS refund policy, and the amount of student financial aid which must be returned to the federal government under 34 CFR 668.22 in the situations most commonly found in NACCAS-accredited institutions. NACCAS provides this form as an aid but does not guarantee the results or accept responsibility or liability for any finding by a reviewing agency. Users should check with resources available through the United States Department of Education to calculate return of aid in a manner appropriate to their particular situations. NACCAS disclaims all warranties, express or implied, with respect to this form, this web site, and any web site with which it is linked.

Instructions

     Based on proposed new rules, this form will automatically calculate how Title IV funds impact any student who has left your institution in the past 6 months. When filling out the form, please follow these guidelines to insure that it is filled out accurately and easily:

  • Be sure to click on the buttons that will bring up instructions for each section.
      
  • Tab through the form without using the mouse to lift the cursor from any of the fields.
      
  • When you choose a version of the form below, be sure to let the form come up fully in your browser before clicking on an instruction button.  Otherwise the instruction window the button brings up can get hidden behind the browser window.
      
  • Choose the appropriate version for you to use by clicking on the button below that corresponds to it.  The following will help you to choose which form to use and how to calculate Institutional Charges for the Return of Title IV aid:

- Institution must calculate unearned aid on a payment period basis for term-based
   programs.  Institutional charges used must relate to the payment period.

- Institution may calculate unearned aid based on either payment period or period of
   enrollment for non-term based programs, but must use the same choice for all students
   in the program.