Scenario: When completing an return of Title IV (R2T4) funds calculation for a student in a clock hour program with a 900 clock hour academic year, if the student’s last date of attendance (LDA) is the same day the student reached 450, but also accrued an additional 5.07 (putting them into payment period 2) actual hours on that day, would you complete the R2T4 for payment period 1 or payment period 2? If payment period 2, how would you determine scheduled hours?
Answer: Based on the information you provided, the return calculation should be based on the second payment period. The number of clock hours to be used in the calculation would be the number of hours the student was scheduled to complete at the point in the payment period when he or she withdrew. Please see 34 CFR 668.22(e)(2)(i)(B).
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