How can I perform a CCRAA-compliant R2T4 or Post-Withdrawal Disbursement calculation for a student who has a withdrawal date prior to July 1, 2008?
The regulations implementing the changes brought about by the CCRAA (see 72 Federal Register 62014) allow institutions to adopt the final regulations as of the date the rules were published. Institutions can perform R2T4 and Post-Withdrawal Disbursement calculations according to the updated regulations in the CCRAA for students with a withdrawal date as early as November 1, 2007 by using the modified paper R2T4 and Post-Withdrawal Disbursement worksheets available on Federal Student Aid’s IFAP Web site. Federal Student Aid updated R2T4 on the Web in July 2008 to implement changes established in the CCRAA. For students with a withdrawal date on or after July 1, 2008, schools can use either the updated worksheets on the IFAP Web site or R2T4 on the Web to perform CCRAA-compliant calculations. Note: Federal Student Aid strongly recommends that schools use the revised paper worksheets (and not R2T4 on the Web) to perform calculations for students who have a Withdrawal Date prior to July 1,
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