ED has released another volume of the 2013-2014 Federal Student Aid Handbook. This release is “Volume 5 – Withdrawals and the Return of Title IV Funds”. The annual volume is a useful resource for guidance with the myriad questions that arise from student withdrawals and leaves of absence (LOAs), etc. For example, this year’s edition includes text that addresses what a school must do if a student remains only enrolled in non-Title IV eligible courses. Also, guidance is provided that a student’s SAR/ISIR with a comment code that needs resolution at the time of withdrawal must be resolved before including any funds in “Aid that Could Have Been Disbursed” in R2T4 calculations.
If you have any questions regarding this information, please contact your Customer Service Representatives via support.fameinc.com.