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Defining Title IV Funds Item Types

To set up Title IV funds item types, use the Define Rules for Return component (RTRN_TIV_FND_SETUP).

This section discusses how to define the financial aid item types used for RTIVF calculations.

Page Name

Definition Name

Navigation

Usage

Title IV Funds

RTRN_TIV_FND_SETUP

select Set Up SACR, then select Product Related, then select Financial Aid, then select Application Processing, then select Define Rules for Return, then select Return of TIV Aid Rules, then select Title IV Funds

Define Title IV funds financial aid item types for return of funds calculation.

Access the Title IV Funds page (select Set Up SACR, then select Product Related, then select Financial Aid, then select Application Processing, then select Define Rules for Return, then select Return of TIV Aid Rules, then select Title IV Funds).

Image: Title IV Funds page

This example illustrates the fields and controls on the Title IV Funds page. You can find definitions for the fields and controls later on this page.

Title IV (title four) Funds page

Field or Control

Definition
Item type

Select the item types that your institution has assigned to the funds awarded as financial aid. The system uses the item type to associate the financial aid transaction with the appropriate general ledger account during the general ledger process. The way in which item types are classified determines how they are processed. Only financial aid item types with a source of Federal can be selected.
50 Pct. Grant Protection (50 percent grant protection)

The system selects this check box based on the Item Type and Fund Type selected. Funds that are federal grants or are fully funded by federal funds are under the 50 percent rule. This rule reduces the grant amount to be returned by the student by applying an initial 50 percent reduction in the total grant amount to be repaid.
Fed Funds Pct (federal funds percent)

You can edit this field. The default is 100 percent. Enter the percentage of the fund type funded by federal funds. For example, you might enter 50 for a fund such as SEOG that might be matched 50 percent by state funds and 50 percent by federal funds.
Fund Type

Select the type of Title IV program. Pell Grants, PLUS loans, SEOGs, and subsidized and unsubsidized federal Stafford loans are examples of Title IV funds.
Auto Populate

Click to identify that the aid is defined as part of the Title IV program. The system selects financial aid item types with a source of Federal, such as Pell Grant, SEOG, Direct Loan, and PLUS loan and populates the fields on this page.