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Volume 4 CampusBased Record LayoutCOMMON ORIGINATION AND DISBURSEMENT 2023 2024 technical referenceCommon Origination and Disbursement2023 2024 Technical Reference: Volume 4Table of Contents SECTION
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01
Gather all necessary financial information such as disbursements, refunds, and adjustments.
02
Compare this information with the school's records to identify any discrepancies.
03
Make adjustments as needed to ensure that all Title IV funds were properly accounted for.
04
Prepare a reconciliation report detailing the findings and any corrective actions taken.
05
Submit the completed reconciliation report to the Department of Education for review.

Who needs title iv reconciliation whats?

01
School administrators responsible for managing Title IV funds.
02
Financial aid officers who disburse and account for Title IV funds.
03
Auditors or compliance officers ensuring the school's compliance with Title IV regulations.
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Title IV reconciliation is the process of comparing the amount of federal student aid that was disbursed to a student with the amount that the student actually earned and is eligible to receive.
Schools that participate in federal student aid programs are required to file Title IV reconciliation.
Title IV reconciliation is typically completed using the Department of Education's system, the Common Origination and Disbursement (COD) System.
The purpose of Title IV reconciliation is to ensure that students are receiving the correct amount of federal student aid based on their enrollment status.
Information such as the amount of aid disbursed, the student's enrollment status, and any adjustments to the aid must be reported on Title IV reconciliation.
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