Policy Frequently Asked Question: Including Increased Stafford-Loan Amounts in Return-of-Title-IV Calculations

In a Return-of-Title-IV-funds calculation for a student who withdrew prior to July 1, 2007, should a school include the first disbursement of a loan using the increased Stafford-loan limit as “aid that could have been disbursed”? Or, should the disbursement be excluded from the R2T4 calculation, because the increased annual loan amount is effective July 1, 2007?

Schools can include the increased amount in the R2T4 calculation as “aid that could have been disbursed,” because the payment period or period of enrollment extends beyond the July 1 date.