Identifying Awards for Inclusion in the R2T4  

Regent Award uses the following criteria to determine whether or not to include an award in the R2T4 calculation:

1. Is there a signed, linked MPN associated to the Direct Loans awarded for the R2T4 period?
   1. If no, no R2T4 required - document and close task
   2. If yes, review Configuration Option under Institution, Campus, and Program Setup titled "Criteria Used to Consider an MPN Linked to a Loan"
      1. If "Loan Record Accepted at COD has a Linked MPN" is selected, then the Direct Loan will be included in the R2T4 calculation the COD Accepted has a MPN Linked at COD.  
      2. If "Loan Record has a Linked MPN - May or may not be Linked at COD" is selected, the Direct Loans will be included in the R2T4 calculation if there is a linked MPN on file, whether it is linked manually in Regent Award or linked at COD
2. Were loans originated prior to or on the withdrawal date (view the COD tab)?
   1. If no, loans are not included in the R2T4
   2. If yes, loans are included in the R2T4 based on the following:
      1. Loans are originated based upon the configuration option "Date Used to Consider Non-Rebuild Loans as "Originated". See Institution, Campus, and Program setups.
         1. COD Accepted Date
         2. Award Create Date
         3. COD Initial Export Date
      2. lf the date defined is after the DOD/WDD, the loan is not considered "Originated", and therefore, is not included in the R2T4 calculation as "Aid that could have been disbursed" to the student. 
      3. If the date defined is before or equal to the DOD/WDD, the loan is considered "Originated" and included in the R2T4 calculation as "Aid that could have been disbursed" to the student
3. For needs-based funds with an ISIR selected for verification, is the ISIR verified? 
   1. If no, need-based funds will not be included in the R2T4 calculation (e.g. Subsidized Loan, Pell Grant, FSEOG). Only non-need based funds will be included in the R2T4 calculation (e.g. Unsubsidized Loan, GRAD PLUS, Parent PLUS Loan, Teach Grant)
   2. If yes, all Title IV funds will be included in the R2T4 calculation
      1. Selected for Verification = Yes
         1. Verification Status = Verified
      2. Selected for Verification = No
         1. Verification Status = Not Verified.
4. Was SEOG/Perkins awarded (offered) prior to or on the withdrawal date (view the Offered Date on Awards tab)?  
   1. If no, SEOG/Perkins will not be included in the R2T4
   2. If yes, SEOG/Perkins will be included in the R2T4.

Other R2T4 Criteria

The following items are additional identifying criteria not checked by Regent Award, by default:  

1. Did the student have attended Program Applicable courses for the R2T4 period?  (Note:  The Automated R2T4 "Not Required" checks do check for attended units on the R2T4 period when determining whether or not an R2T4 is required.)
   1. If no, no R2T4 required - document and close task
   2. If yes, R2T4 required as long funds have originated as detailed in #2 above
      1. Transfer = No
      2. Program Applicable = Yes
      3. Has Attendance = Yes
2. Are there any documents in a "Needed" or "Received" status that prevent packaging of Federal Funds? 
   1. If no, Title IV funds that pass the checks from #1-4 above are included in the R2T4 calculation.
   2. If yes, documents that restrict packaging that are in a "Needed" or "Received" status will prevent an R2T4 from being processed. 
3. Is the current SAP status Satisfactory? If a student is SAP Suspended, they are not eligible for Title IV funds and therefore and R2T4 is not necessary. 
   1. If not, the student is not eligible for Title IV funds and an R2T4 is not needed - document and close task
   2. If yes, all Title IV funds that pass the checks from #1-4 above are included in the R2T4