2018–2019 Walden University Student Handbook (September 2018) 
    
    Apr 03, 2020  
2018–2019 Walden University Student Handbook (September 2018) [ARCHIVED CATALOG]

Enrollment Examples


Return to: Federal Programs  

Examples of Title IV Calculations

Example 1—Course-Based Enrollment in Modules 

Allyssa is an undergraduate student enrolled in the BS in Computer Information Systems program. Her fall term enrollment is from September 2 through November 23. She is enrolled in two back-to-back classes for the term. The first class is from September 2 through October 12. The second class is from October 13 through November 23. Allyssa successfully completes the first class but decides on October 15 to drop her second class.

Allyssa’s cost of attendance is as follows:

Cost

Tuition

$3,100

Fees

$120

Total

$3,220

Allyssa’s financial aid package consists of:

Federal Direct Subsidized Loan

$1,154

Federal Direct Unsubsidized Loan

$1,979

Total

$3,133

Allyssa completed 42 days of the term (September 2 through October 12).

Walden is required to return to the government the following:

 

Federal Direct Subsidized Loan

$0

Federal Direct Unsubsidized Loan

$1,567

After Walden refunds the $1,567 to the government, Alyssa will owe Walden:

$17


Allyssa received a tuition cancellation of $1,550 for dropping the class. After funds were returned to reduce her federal student loan, she had a balance of $17. 

Example 2—Course-Based—Failing All Classes or the Last Class

Fred is a master’s degree student. His fall term is from September 2 through November 23. He is enrolled in two classes for the fall. The first class is from September 2 through October 12 and the second class begins September 6 and ends on November 23. Fred receives an F in both classes. The latest day that Fred actively participated in either class was September 18.

Fred’s cost of attendance is as follows:

Cost

Tuition

$3,100

Fees

$120

Total

$3,220

Fred’s financial aid package consists of:

Cost

Federal Direct Unsubsidized Loan

$6,800

Total

$6,800

 Fred completed 17 days of the term (September 2 through September 18).

Walden is required to return to the government the following:

Federal Direct Unsubsidized Loan

$2,570

After Walden returns the $2,570 to the government, Fred owes Walden:

$2,570

A bursar hold is placed on Fred’s account at the time the funds are returned to the government, which prevents Fred from registering for any additional classes and from receiving transcripts until he repays Walden what he owes.

Example 3—Course-Based—Withdrawal From Term

Susie is a doctoral degree student in public policy. Her quarter term begins on December 1 and ends on February 22. On January 11, she stops participating while trying to decide if she will drop her classes. Susie makes the decision to drop all classes on January 15, but her last day of participation is January 11 (42 days into the term).

Susie’s cost of attendance is as follows:

Cost

Tuition

$4,550

Fees

$160

Total

$4,710

Susie’s financial aid package consists of:

Cost

Federal Direct Unsubsidized Loan

$6,800

Total

$6,800

As Susie has completed 42 days of her semester, she earned 50% of the $6,800. According to the federally-mandated calculation, 50% of the unearned portion of her aid, equaling $3,400, must be returned.

Walden is required to return to the government the following:

Cost

Federal Direct Unsubsidized Loan

$3,400

After Walden refunds the $3,400 to the government, Susie will owe Walden:

$1,190

Susie is not eligible to receive a tuition refund because she dropped her classes after the refund period. A bursar hold is placed on Susie’s account at the time the funds are returned to the government, which prevents Susie from registering for any additional classes and from receiving transcripts until she repays Walden what she owes.

Example 4— Course-Based—Participation for More Than 60% of the Term

Ernie is a master’s degree student in the teaching program. His semester begins January 5 and ends April 26. On March 13 (68 days into the term), Ernie accepts a full-time job and drops his classes. Ernie did participate on the last day that he was enrolled.

Ernie’s cost of attendance is as follows:

Cost

Tuition

$3,300

Fees

$120

Total

$3,420

His financial aid package consists of:

Cost

Federal Direct Unsubsidized Loan

$6,800

Total

$6,800

Based on Ernie’s participation (61% of the term), he has “earned” all of his financial aid for the term and will not have to return any funds. 

Example 5 Tempo Learning® —Participation in a Payment Period for More Than 60% of the Term

Sam is a graduate student enrolled in the MS in Early Childhood Studies program beginning on July 6. His first payment period is from July 6 to January 3. He is required to complete 26 weeks (182 days) and 8.25 credits to progress to the next payment period. He completes 2.5 credit equivalencies before withdrawing on October 1. Sam’s last date of participation was September 30. He attended 87 days in the payment period. To determine the percentage of the payment period completed in Tempo Learning program, federal regulations require Walden to project how long it would have taken Sam to complete the additional 5.75 required credit equivalencies. Walden calculates a credit equivalency completion rate for Sam by dividing the days completed in the payment period by the credit equivalencies completed.

Walden then divides the 5.75 remaining credits in the payment period by the credit equivalency completion rate to project that it would take Sam 199 days to complete the 6 credits and adds 87 days completed for a total of 286 days in the projected payment period. Walden then divides 87 days completed in the payment period by 286 projected total days in the payment period to determine that Sam has completed 30.4% of the payment period. Tuition is calculated using the greater of federal aid used to pay charges and the projected tuition charges of Sam’s original payment period of 26 weeks, which is determined by multiplying the number of weeks by a weekly tuition rate.

Sam’s cost of attendance is as follows Cost
Projected Tuition $3,000
Sam’s financial aid package consists of:  
Federal Direct Unsubsidized Net Loan Amount $10,142
Total $10,142
Sam completed 30.4% of the term  
Walden calculates the following  
Earned Federal Aid $3,083
Unearned Federal $1,988
Unearned Tuition Projected Tuition Charges $2,088
Amount of Federal Direct Unsubsidized Loan for Walden to Return $1,988

The R2T4 calculation requires the school to compare the amount of Unearned Federal Aid to the Unearned Tuition and return the lesser of the two to federal programs. In Sam’s case, the R2T4 formula requires Walden to return $1,988 to the federal unsubsidized loan program. Prior to withdrawal, Sam had received half of his federal Direct Unsubsidized Loan Disbursement. The second half of the disbursement was scheduled to disburse after he withdrew. Federal regulations dictate that Sam is no longer eligible for any portion of this disbursement.