[Oasfaa] AskRegs Knowledgebase Answers: Do We Only Exclude Breaks That Are Common To All Modules When Calculating the 49 Percent R2T4 Exemption?

[Boyd, Lori]

AskRegs Knowledgebase Answers: Do We Only Exclude Breaks That Are Common To All Modules When Calculating the 49 Percent R2T4 Exemption?<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT0xMDA5MjM4MiZwPTEmdT0xMDA3MDA3NjE0JmxpPTg3NzU0NjM2%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C8231ac79e07e460deff508d93a2c98ee%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637604785634595253%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=YX5Dm5gaGBw1G8jToqb4CxQbbFl%2FSaxHXVnDXfEhAZc%3D&reserved=0> [Login Required]

The following guidance applies only to the return of Title IV funds (R2T4) rules that are effective July 1, 2021 (with possible early implementation by the school), in accordance with the September 2, 2020 Federal Register<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT0xMDA5MjM4MiZwPTEmdT0xMDA3MDA3NjE0JmxpPTg3NzU0NjM3%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C8231ac79e07e460deff508d93a2c98ee%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637604785634605249%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=ctet%2FEaiTrXOmP1D5R37haPpMxmksPZI9tfIT0XiQeQ%3D&reserved=0>. Yes. According to guidance NASFAA has received from the U.S. Department of Education (ED), for purposes of the 49% R2T4 exemption calculation, you only exclude breaks that are common to all modules within the payment period. View the full answer to this question<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT0xMDA5MjM4MiZwPTEmdT0xMDA3MDA3NjE0JmxpPTg3NzU0NjM4%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C8231ac79e07e460deff508d93a2c98ee%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637604785634605249%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=jSRb1BqSNcClF6Y87XAM0Q4L%2Fqo7A1EBA6r978GTI%2BU%3D&reserved=0> to learn more and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT0xMDA5MjM4MiZwPTEmdT0xMDA3MDA3NjE0JmxpPTg3NzU0NjM5%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C8231ac79e07e460deff508d93a2c98ee%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637604785634615240%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=wgPx7nP0wiLC1LjBP5mn7ySgBhgND0FZsCQ38qUOPNQ%3D&reserved=0>.



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LORI BOYD
ASSISTANT DIRECTOR OF
FISCAL OPERATIONS

Office of Scholarships and Financial Aid
405.744.8730 * 119 Student Union * finaid.okstate.edu<https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgo.okstate.edu%2Fscholarships-financial-aid%2Findex.html&data=02%7C01%7Clori.boyd%40okstate.edu%7Cfcfeed9a6b784060435408d715e51342%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637001945918217346&sdata=BwzGz5gMsxJvdRDVhin%2BcD78kNgHFZrYqLK4pdlTeTw%3D&reserved=0>
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