ArialHi all, ArialWe are just starting to review the impact of this change in the regulations to determine what changes we may need to make in our refund policy. Could all you folks out there who have made this decision, please respond to the list. ArialThanks ArialKathy ArialKatherine Cannon ArialController ArialClark University Arial(508) 793-7499 Arialfax (508) 793-7500 Arial-----Original Message----- Arial0000,0000,8080From: Danise Dragonas [<mailto:danid@endicott.edu] Arial0000,0000,8080Sent: Arial0000,0000,8080Friday, February 25, 2000 3:34 PM Arial0000,0000,8080To: Arial0000,0000,8080bursar-l@virginia.edu Arial0000,0000,8080Subject: Arial0000,0000,8080Return of Title IV Funds ArialPrevious to reauthorization on the return of Title IV funds, we have had a Arialfederal refund policy and a Pro Rate for 1st Time borrowers. Under the new Arialregulations, the return of Title IV funds operates independently of the Arialinstitutions own refund policy. My questions are as follows: ArialAre most institutions using one refund policy now for all students? ArialIs the school refund policy at all in line with the percentages of unused ArialTitle IV funds - or will you bill the student for the difference in the Arialschool policy and the percentage you must return to the Title IV programs??? ArialHas any institution started using this new formula, or are you waiting until Arialthe fall of 2000?? ArialI would appreciate hearing from you. ArialThank you. ArialDani Dragonas ArialManager Accounts Receivable