Student Drops, Withdrawals And R2t4 Quiz

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1. Lisa comes into the office during the 6th week of the semester. She is thinking about completely withdrawing from the term because it is too expensive and she cannot pay her bill. Academically, she is doing fine. The best advice to give her would be:

Explanation

Withdrawing from classes will not help Lisa pay her bill or reduce the amount owed. She should be encouraged to speak with Academic Advising about her academic options and SFS should provide resources for resolving her balance for the semester, such as a private loan or payment plan.

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2. Which of the following funds is not considered in an R2T4 calculation?

Explanation

In an R2T4 (Return of Title IV Funds) calculation, the funds that are considered include Parent Plus Loan Funds, Federal SEOG Grant Funds, and Federal Pell Grant Funds. However, State Grant Funds (MAP or IIA) are not considered in this calculation.

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3. When a student receiving Title IV funds does not earn any passing grades for credit at the end of the term, he or she would be classified as:

Explanation

When a student receiving Title IV funds does not earn any passing grades for credit at the end of the term, they would be classified as an unofficial withdrawal. This means that the student did not officially withdraw from the course or institution, but their lack of passing grades indicates that they effectively withdrew from their academic responsibilities.

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4. What type of Title IV aid is returned first?

Explanation

The Federal Unsubsidized Stafford Loan is returned first because it is a type of Title IV aid that accrues interest while the student is in school. This means that the loan balance increases over time, so it is generally recommended to pay off this loan first to minimize the overall amount of interest paid.

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5. Mike completely withdrew from the semester on October 10th (the 40th day in a term with 102 days). He has been awarded Pell, ACG, a subsidized stafford loan and an unsubsidized stafford loan. Verification is still pending so no aid has disbursed. Will SFS be required to complete an R2T4 calculation?

Explanation

Yes, Mike will be required to complete an R2T4 calculation because he was awarded Title IV aid and did not complete at least 60% of the term. The R2T4 calculation is used to determine the amount of federal financial aid that must be returned to the government when a student withdraws from school before completing the required percentage of the term. Since Mike withdrew from the semester on the 40th day out of 102 days, he did not meet the 60% threshold and therefore the calculation must be completed.

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6. True or False: If, at the time an R2T4 calculation is being performed, a student has not completed his/her MPN for the Federal Stafford Loans awarded then these loan funds cannot be included in the calculation and the student is not eligible to receive them.

Explanation

If a student has not completed their Master Promissory Note (MPN) for Federal Stafford Loans at the time of an R2T4 calculation, these loan funds cannot be included in the calculation. This means that the student is not eligible to receive those loan funds.

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7. When a student drops a course:

Explanation

When a student drops a course, they are not charged tuition and fees and the course does not appear on their transcript. This means that dropping a course does not have any financial consequences for the student, and it also does not affect their academic record.

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8. What are some of the consequences of a student being classified as an official or unofficial withdrawal for a term? Check all that apply.

Explanation

If a student is classified as an official or unofficial withdrawal for a term, they will likely owe a balance that cannot be repaid using Title IV funds. This means that they will have to find alternative ways to repay the balance, as Title IV funds are federal financial aid that is typically used to cover tuition and other educational expenses. Additionally, the student will not meet SAP (Satisfactory Academic Progress) requirements for the semester, which may have consequences such as losing financial aid eligibility. The student will also be reported to the clearinghouse, which may result in entering loan repayment if they have borrowed loans for their education.

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9. Logan begins the semester enrolled in 12 credit hours. During week 3 he withdraws from one course, bringing him down to 9 credit hours. During week 5 he withdraws from two courses, bringing him down to 3 credit hours. At this point, SFS would:

Explanation

Because he only withdrew from two courses, we are not required to adjust his aid.

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10. Mary was originally enrolled for 12 credits for Fall. She withdraws from one course during the third week bringing her down to 9 credits. As a result, SFS will:

Explanation

Since Mary only withdrew from one course, no action needs to be taken

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Lisa comes into the office during the 6th week of the semester. She is...
Which of the following funds is not considered in an R2T4 calculation?
When a student receiving Title IV funds does not earn any passing...
What type of Title IV aid is returned first?
Mike completely withdrew from the semester on October 10th (the 40th...
True or False: If, at the time an R2T4 calculation is being performed,...
When a student drops a course:
What are some of the consequences of a student being classified as an...
Logan begins the semester enrolled in 12 credit hours. During week 3...
Mary was originally enrolled for 12 credits for Fall. She withdraws...
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