Overpayment Notification Page and Reports

1
Overpayment Notification Page and Reports

• Lesson 5

2
Objectives

• Identify notification tools to manage compliance
• Review reporting features generated through
  Return of Title IV Funds on the Web (R2T4) on the
  Web

3
Notification Tracking Status

• View and track status of records
• Four views for tracking overpayments
• Two views for tracking school return of funds
• One view for tracking post-withdrawal
  disbursements
• Updates in one view move the record to the next
  in the sequence
• Use for compliance self-monitoring

4
Tracking Overpayment Notifications

• Student Notification
• Student Repayment Arrangements
• Not completed
• Completed
• Student records referred to the Department of
  Education

5
Return of Funds Tracking

• School Portion of Title IV Funds To Be Returned
• School Portion of Title IV Funds Returned

6
Tracking Post-Withdrawal Disbursements

• Record and track
• Date school notified student or parent if offer
  included a loan or a grant to be directly
  disbursed
• Date the school offered a post-withdrawal
  disbursement to the student or parent
• Date the student responded to the offer

7
Reports

• Student Listing
• Student Notification
• Student Repayment Arrangements
• School Portion of R2T4 Returned
• Students With a Post-Withdrawal Disbursement
• Student Records Referred to the Department of
  Education

8
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9
Software Activity

• Print the Student Listing report
• PW 5-17

10
Business Process Worksheet

• Review BPW Steps 8 through 10
• Track overpayment notification
• Track return of funds
• Track post-withdrawal disbursements
• Monitor reports