According to guidance NASFAA has received from the U.S. Department of Education (ED), you use the host school's calendar for return of Title IV funds (R2T4) calculations. You use the host school's payment period/period of enrollment begin date and end date, as well as the number of days in that payment period for the R2T4 calculation. This is true for all written agreements between a home school and a host school, including study abroad, consortium agreements, and contractual agreements.
This also includes the new number of days in any payment periods that have been extended due to Coronavirus (COVID-19), in accordance with ED guidance in the March 5, 2020 Electronic Announcement.
Student Aid Reference Desk: For additional information, try the Student Aid Reference Desk. It is a central hub of all the important financial aid resources you need with direct links to legislation, regulation, Dear Colleague Letters, and other ED and NASFAA references. It is updated on a rolling basis with the latest news and changes. Search Written Arrangements.
AskRegs Q&As represent NASFAA's understanding of regulatory and compliance issues. They are FOR INTERNAL USE ONLY. While NASFAA believes AskRegs Q&As are accurate and factual, they have not been reviewed or approved by the U.S. Department of Education (ED). If you should need written confirmation of AskRegs information for audit or program review purposes, please contact your ED School Participation Division. NASFAA shall not be liable for technical or editorial errors or omissions contained herein; nor for incidental or consequential damages resulting from the furnishing, performance, or use of this material.