Posted Date:May 6, 2011
|Author:||David Bergeron, Deputy Assistance Secretary for Policy, Planning and Innovation, Office of Postsecondary Education|
Subject: Effective Date of new R2T4 Regulations
On October 29, 2010, the Department published in the Federal Register final regulations on several program integrity issues. These regulations are (except for the new verification rules) effective July 1, 2011. Over the past several weeks we have posted to our IFAP website several Dear Colleague Letters providing information and guidance on some of the new regulatory changes. While we are in the process of preparing additional Dear Colleague Letters on other topics of the October 29, 2010 regulations, we provide the following Question & Answer related to the effective date of the new Return of Title IV Aid regulations for 2011 crossover payment periods.
How does the July 1, 2011, effective date apply to the changes to the Return of Title IV Funds regulations?
The changes to §668.22, known as the Return of Title IV Funds regulations, apply to students who withdraw from payment periods or periods of enrollment that begin on or after July 1, 2011. This means that they do not apply to students who withdraw from a 2011 crossover payment period even if the student received Title IV, HEA program funds from the 2011-2012 award year for that crossover payment period.