Updates to R2T4 Calculation Using New 24/25 ISIR
Provides you the ability to automate the Return to Title IV process leveraging the new 24/25 ISIR fields.
R2T4 Process | 23/24 ISIR Field | 24/25 ISIR Field | Valid Content Changed with 24/25 |
---|---|---|---|
Determining time frame after withdrawal to trigger the R2T4 |
Student’s State of Legal Residence |
State of Legal Residence |
No |
CHBD Criteria Evaluation |
Primary EFC |
SAI |
Yes, value can now be a negative value up to -1500 |
Additionally, the Could Have Been Disbursed criteria description within R2T4 that evaluates the SAI has been updated to read:
- "A processed ISIR with an official EFC/SAI exists for the student exists prior to OLDA"
- Replacing "A processed ISIR with an official EFC exists for the student exists prior to OLDA"
Steps to Enable
You don't need to do anything to enable this feature.
Tips And Considerations
- For any existing students where the Could Have Been Disbursed criteria has already been evaluated, it will continue to display as the original description without "SAI" included.
- You will need to load a valid 24/25 ISIR and SAFI for the student in order to package and award Title IV funds for the 24/25 Award Year prior to leveraging the new ISIR in R2T4.
Key Resources
- Please review the following resources published by the Department of Education