What are Title IV funds in education?
Title IV funds include Direct Subsidized/Unsubsidized Loan, Direct Graduate PLUS Loan, Direct PLUS Loan, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), Federal Perkins Loan, and TEACH grants. It does not include scholarships from the University or other private organizations.
What can Title 4 funds be used for?
Title IV, Part A funds must only be used to provide additional services, staff, programs, or materials that are not provided with State or local resources absent federal funds; federal funds cannot pay for resources that would otherwise be purchased with State and/or local funds.
How do you spend Title IV funds?
Use of Funds use not less than 20 percent of Title IV, Part A funds to support one or more safe and healthy student activities; use a portion of Title IV, Part A funds to support one or more effective use of technology activities; annually report to the State how funds are being used.
What is Title IV refund?
If you withdraw from the university and have received financial aid, any refundable amount of your institutional charges (tuition and fees and/or university housing costs) may be returned to the appropriate financial aid sources.
What does it mean to be Title IV eligible?
Eligible Programs 21 To be Title IV eligible, a program must lead to a degree (e.g., an associate’s or bachelor’s degree) or certificate or prepare students for gainful employment in a recognized occupation. Before awarding Title IV aid to students, an IHE must determine that the program in which a.
What is Title IV repayment?
The repayment process – known as “Return to Title IV” or R2T4 – involves two separate payments. Portion A, or the Student Return. Portion A must be returned by the student to the U.S. Department of Education.
What year was Title IV signed into law?
Title IV of the Civil Rights Act of 1964 authorizes the Attorney General to address certain equal protection violations based on religion, among other bases, in public schools and institutions of higher education.
What are title 4 programs?
Title IV programs include Direct Stafford Loans, Perkins Loans, Federal Work-Study, the Pell Grant, the FSEOG and National SMART Grant programs. Each year the office of Federal Student Aid publishes a handbook that assists schools and financial aid administrators in awarding financial aid packages to students.
What is title 4 in education?
Title IV (title 4) refers to financial aid funds that are distributed from the Dept. of Education that can include Subsidized/Unsubsidized loan, Direct Graduate PLUS Loan , Direct PLUS Loan, Federal Pell Grant , Federal Supplemental Educational Opportunity Grant (SEOG), and Federal Perkins Loan .
What is title 4 aid?
Title IV Aid (Federal Student Aid) consists of the programs created by Title IV of the Higher Education act, including the Pell grant, Perkins Loan, Stafford Loan and Parent PLUS Loan, among others. “Allowable Charges” are tuition, fees, and room and board.
What is title 4 loan forgiveness?
Title 4 Services Public Service Loan Forgiveness Assistance. These programs were created for the men and women who have dedicated THEIR lives to protect, educate, and otherwise improve the lives of their fellow citizens.