R2T4 Specialist

Return of Title IV (R2T4) Specialist

Rasmussen University

Online/Remote

The Return of Title IV (R2T4) Specialist is responsible for the identification, processing, and completion of Federal Return of Title IV calculations and institutional tuition calculations while ensuring compliance with federal and state regulations and the University’s institutional policies and practices.

Responsibilities:

Return of Title IV (R2T4) - 85%

• Accurate and timely completion of refunds within 45 days to meet all U.S. Department of Education regulations including tracking and processing all information, paperwork, determining eligibility and preparing financial aid refund documentation.
• Follows financial aid policies as directed, ensuring compliance to state and federal regulations, audit requirements and University policies.
• Identify and prepare federal R2T4 (Return to Title IV) and institutional tuition adjustments based on the information provided from the Student Records department.
• Proactively communicate workflow trends to leadership.
• Follows processes and procedures that streamline the student withdrawal process.
• Tracks post-withdrawal disbursements to ensure they pay accurately and timely.
• Maintains minimum weekly refund processing and compliance goals.
• Maintains knowledge of Federal Title IV awarding and disbursing regulations as well as University initiatives and workflows that impact.
• Adequately communicates necessary funding returns to ensure timely bank transfer activity.
• Supports reconciliation tasks as necessary to include G5/COD/student ledger research.

Other - 15%

• Maintain eligibility to access the National Student Loan Data System, (NSLDS), as defined by the US Department of Education. To maintain access to NSLDS, one must not have defaulted on any student loan in the past, be in default currently or have issues with access to NSLDS in the future.
• Contribute to quality assurance review of work products.
• Attend and participate in team, SFA department meetings for the purpose of obtaining and sharing information.
• Participate in strategic planning activities.
• Embody the spirit of the organization’s mission and vision in daily activities.
• Support and contribute towards the organization’s commitment to diversity, equity, and inclusion.
• Perform other duties as directed, requested, or assigned.
• Assist with student and staff inquiries within area of responsibility.
• Contribute to quality assurance review of work products.
• Per the US Department of Education Program Integrity Rules, postsecondary institutions that participate in the student financial assistance programs pursuant to Title IV of the Higher Education Act (HEA) are barred from providing incentive payments to any person or entity engaged in student recruiting and/or admissions activities.

Reporting Relationships:
The Return of Title IV (R2T4) Specialist reports directly to the Return of Title IV (R2T4) Manager. This position does not have direct reports.

Requirements:

• Associate degree in Accounting, Business, Finance or related field; Bachelor’s degree preferred.
• This role requires strong written and verbal communication skills with the ability to work independently and as a team.
• Excellent organization and time management skills are necessary. This role requires continual attention to detail, the ability to handle multiple priorities, meet deadlines and maintain flexibility in a fast-paced work environment.
• Requires strong analytical and problem-solving capabilities.
• Ability to work independently and as a part of a team.
• Must be proficient in Microsoft Office Suite, with an emphasis on Outlook, Word, Excel, and Power Point.
• Excellent oral and written communication skills.
• Ability to work a flexible schedule including evening and weekend hours.
• Experience with financial aid, collections, or accounting is preferred.
• Maintains strictest confidentiality.
  
  

About Us:

Rasmussen University, a university accredited by the Higher Learning Commission, an institutional accreditation agency recognized by the U.S. Department of Education (www.hlcommission.org), is dedicated to changing lives and the communities it serves through innovative educational programs. As a pioneer in career-focused education since 1900, the University is defining a new generation of higher education that focuses on competency-based education, technology and transferable skills. Rasmussen offers undergraduate and graduate programs online and in person at 20 campuses around the country. The University is designed to lift and support its students every step of the way, from each student’s first credential to their last. Rasmussen is dedicated to global enrichment, serving the underserved, and meeting the evolving needs of diverse students, communities, and economies. Rasmussen encourages its students, faculty, and staff to strive for academic excellence, community enrichment and service to the public good. Rasmussen is a wholly owned subsidiary of American Public Education, Inc. (Nasdaq: APEI). For more information about Rasmussen University, please visit www.rasmussen.edu.

It is the policy of Rasmussen University to afford equal opportunity to all qualified persons. We treat all qualified individuals equally as to their recruitment, hiring, assignments, advancements, compensation, and all other terms and conditions of employment. Rasmussen University does not discriminate on the basis of race, color, religion, creed, sex, age, national origin, sexual orientation, or physical, mental, or sensory disability, or any other characteristic protected by law.

If you are a resident of a state with designated pay transparency requirements and this role is available remotely, you may be eligible to receive additional information about the compensation and benefits for this role, which we will provide upon request. Please send an email to [email protected].