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<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"Lucida Sans",sans-serif;color:black"><a href="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" target="_blank"><span style="border:none windowtext 1.0pt;padding:0in">AskRegs
Knowledgebase Answers: Do We Only Exclude Breaks That Are Common To All Modules When Calculating the 49 Percent R2T4 Exemption?</span></a>
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<span style="font-size:11.5pt;font-family:"Lucida Sans",sans-serif;color:black">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 <a href="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" target="_blank"><span style="border:none windowtext 1.0pt;padding:0in">September
2, 2020 Federal Register</span></a>. 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 <a href="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" target="_blank"><span style="border:none windowtext 1.0pt;padding:0in">full
answer to this question</span></a> to learn more and search for answers to your other pressing regulatory and compliance questions in NASFAA's <a href="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" target="_blank" title="https://askregs.nasfaa.org/"><span style="border:none windowtext 1.0pt;padding:0in">AskRegs
Knowledgebase</span></a>.<o:p></o:p></span></p>
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<p class="MsoNormal"><a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgo.okstate.edu%2F&data=02%7C01%7Clori.boyd%40okstate.edu%7Cfcfeed9a6b784060435408d715e51342%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637001945918207338&sdata=%2BDg8VmxLrfRa2Pl%2BEOEPX7il6X1boaRSTQT0V%2BWSErk%3D&reserved=0"><span style="color:#1F497D;text-decoration:none"><img border="0" width="216" height="96" id="Picture_x0020_1" src="cid:image001.png@01D76C14.974387D0" alt="cid:image001.png@01D5373C.65A18FB0"></span></a><span style="color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Arial",sans-serif;color:#FE5C00">LORI BOYD</span></b><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">ASSISTANT DIRECTOR OF<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">FISCAL OPERATIONS<o:p></o:p></span></b></p>
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<p class="MsoNormal"><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black">Office of Scholarships and Financial Aid</span><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:150%"><span style="font-size:7.5pt;line-height:150%;font-family:"Arial",sans-serif;color:black">405.744.8730
</span><span style="font-size:7.5pt;line-height:150%;font-family:"Arial",sans-serif;color:#FE5C00">•</span><span style="font-size:7.5pt;line-height:150%;font-family:"Arial",sans-serif;color:#FA6400">
</span><span style="font-size:7.5pt;line-height:150%;font-family:"Arial",sans-serif;color:black">119 Student Union</span><span style="font-size:7.5pt;line-height:150%;font-family:"Arial",sans-serif;color:#FE5C00"> •
</span><span style="font-size:7.5pt;line-height:150%;font-family:"Arial",sans-serif;color:#1F497D"><a href="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"><span style="color:#1F497D">finaid.okstate.edu</span></a></span><span style="color:#1F497D"><o:p></o:p></span></p>
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