CARES ACT RELIEF EXTENDED FOR CORONAVIRUS INDICATOR AND R2T4 GUIDANCE

Federal Student Aid announced that they were extending the deadline for schools to add the Coronavirus Indicator and R2T4 reporting deadlines for title iv disbursements until September 30, 2021.

The Coronavirus Indicator will be accepted for any qualifying disbursement with a payment period start date between January 8, 2018, and July 1, 2022, if all other requirements are met. The deadline is applicable only for the 2020-2021 award year. There is no change to the December 31, 2020, deadline to add the Coronavirus Indicator for disbursements from the 2019-2020 award year, but FSA is allowing schools that become aware of withdrawals with qualifying disbursements to add the Coronavirus Indicator as soon as possible.

The extension is applicable to all award years for funds not returned for R2T4 purposes due to Cares Act relief.