INNOVATIVE LEARNING MODELS

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Return of Title IV Funds (R2T4): The calculation required when a recipient of Title IV aid withdraws from aninstitution during a payment period/period of enrollment in which the recipient began attendance. Thecalculation compares the amount of Title IV aid the recipient earned to the amount disbursed and determineswhether funds must be returned, or the student is eligible for a post-withdrawal disbursement.Satisfactory Academic Progress (SAP): The progress required of a financial aid recipient in acceptable studiesor other activities to fulfill a specified educational objective. SAP contains a grade or its equivalent(qualitative), and pace (quantitative) measure. It also must be the same as or stricter than academic standardsused for students not receiving Title IV aid.14 © 2015 National Association of Student Financial Aid Administrators
© 2015 Innovative Learning Models Task Force ReportThis page intentionally left blank.
Page 1 and 2: NASFAA TASK FORCE REPORTINNOVATIVEL
Page 3 and 4: Expanding Educational Opportunities
Page 5 and 6: Executive SummaryInnovative learnin
Page 7 and 8: 3. Fraud, Waste and AbuseIn order t
Page 9 and 10: The Innovative Learning Models Task
Page 11 and 12: Appendix - Recommendations1.1 Atten
Page 13 and 14: Resources for Innovative Learning M
Page 15: GlossaryBelow is a general list of

INNOVATIVE LEARNING MODELS

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