FREE R2T4 CALCULATORCalculate Title IV Returns in Seconds.
Get Your Audit-Ready R2T4 Worksheet.
Skip the manual 10-step FSA paper form. Input your term dates and disbursed aid to instantly calculate unearned splits, verify the 60% threshold, and export a compliant R2T4 summary.
Academic Dates
The payment period and the day the student left
Title IV Aid Disbursed
What was paid out, or could have been, for this period
Institutional Charges
What the school charged the student for the period
Enter the dates to begin
Aid earned
$0.00
Aid unearned
$0.00
School returns
$0.00
Student returns
$0.00
How the school return is determined
The school returns the lesser of these two amounts
- Unearned aid to return
- $0.00
- Unearned institutional charges
- $0.00
- School return obligation (the lesser amount)
- $0.00
Return Distribution Order
The school's return is applied in the federal order until it reaches zero
R2T4 Calculation Worksheet
Return of Title IV Funds Summary
For Standard Term ProgramsTreatment of Title IV funds when a student withdraws · 34 CFR § 668.22
Worksheet ID
R2T4-000000
Credit-Hour, calendar days
Reported inputs
Step A, percentage of the period completed
- Days completed
- 0
- Total days in the period
- 0
- Percentage completed
- 0.00%
Step B, aid earned against aid disbursed
- Total Title IV disbursed
- $0.00
- Earned percentage applied
- 0.00%
- Aid earned
- $0.00
- Unearned aid to return
- $0.00
Step C, school against student obligation
- Total institutional charges
- $0.00
- Unearned institutional charges
- $0.00
- School return obligation (the lesser of unearned aid or unearned charges)
- $0.00
- Student return obligation
- $0.00
Step D, the school return applied in federal order
This worksheet estimates the return for planning. The official R2T4 determination must be completed under 34 CFR § 668.22 using your school's FSA-approved procedures.
Your complete R2T4 worksheet is ready to file.
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Frequently Asked Questions
What is the 60% threshold rule in Title IV R2T4?
Under 34 CFR § 668.22, if a student withdraws before completing 60% of the payment period (in calendar days), the institution must return a portion of their unearned Title IV funds. If the student completes more than 60%, they are considered to have earned 100% of their aid, and no return is required.
How are scheduled breaks handled in a credit-hour R2T4 calculation?
When calculating the percentage of the period completed, you must exclude scheduled breaks of five or more consecutive calendar days from both the total days in the period and the days the student completed.
What is the formula for the School Return Obligation?
The school's return obligation is determined by the lesser-of rule. The school returns the lesser amount between the total unearned Title IV aid and the total unearned institutional charges (Total Institutional Charges × Unearned Percentage).
What is the federal return distribution order for Title IV funds?
When returning unearned funds, schools must follow a strict federal order: Direct Unsubsidized Loans, Direct Subsidized Loans, Direct PLUS Loans, Federal Pell Grants, and finally FSEOG.
How does OneTap track attendance to provide an accurate Last Date of Attendance (LDA)?
OneTap replaces manual paper rosters with secure, digital check-ins (like dynamic QR codes or tablet kiosks). Every check-in is timestamped and proxy-proof, giving your financial aid office an automated, audit-ready record of every student's exact Last Date of Attendance.
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