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R2T4 Return of Title IV Funds

Financial Aid Services (FAS) partners with colleges to manage the requirements for returning federal funds to the U.S. Department of Education (Return of Title IV Funds – R2T4). The FAS approach combines consulting and back-office processing support. This offers colleges a complete solution for managing R2T4 for students receiving financial aid who withdraw from classes. Our consultants evaluate current policies, offer guidance, and assist with correcting previous errors. Our Processing Services team works with campus leaders to design integrated methods, to create process adherence, consistency of delivery and standardization to ensure timely processing and compliance with federal regulations.

Consulting Services

  • Regulatory and policy guidance
  • Expertise in all types of academic calendars
  • Keen insights into the Program Integrity rules
  • Review of prior year calculations with a confidential report
  • Recommendations for student communication
  • Advice for best practices to ensure ongoing compliance

Processing Support

  • Identify official/unofficial withdrawals
  • Determine completion percentage
  • Available for use with widely-used automated systems or via FAA-Access
  • Offered for all types of academic calendars
  • Full audit trail of all action taken
  • Required notifications sent to key departments; disclosures sent to students
  • Quality assurance measures to crosscheck calculations

Partnering with FAS to manage R2T4 gives clients the peace of mind that comes with knowing the return of federal funds will be processed accurately and returned in a timely manner.


   Case Studies


VCFA and FAS: A Well-Oiled Financial Aid Machine


Northern Virginia Community College

FAS Helps Boost Student Satisfaction at NOVA


Palo Alto University

FAS Gives its All to Palo Alto University


University of Indianapolis

FAS Dots “i’s” and Crosses “t’s” for University of Indianapolis


 more case studies

Typically, the financial aid office is blamed for creating bottlenecks. But we’ve demonstrated that our processes have gotten better, so other departments can feel more confident in our product."

- Mr. Robert Muhammad | Director of Financial Aid | Winston-Salem State University