Appendix C to Subpart B of Part 668—90/10 Revenue Calculation

Section 1: Sample Student Account at the Institution/Funds Applied in Priority Order

Sample Student Account Ledger

Open Table
Line Date Charge/Payment Memo Debit Credit Balance
1 12/31/2021 Federal Direct Loan 1,000.00 (1,000.00)
2 1/1/2022 Tuition and Fees 17,000.00 16,000.00
3 2/1/2022 Cash Payment 175.00 15,825.00
4 2/1/2022 Federal Funds 1 2,000.00 13,825.00
5 2/1/2022 FSEOG (Fed. 375/Inst. 125) 500.00 13,325.00
6 5/1/2022 Cash Payment (Federal funds 3) 500.00 12,825.00
7 7/1/2022 Federal Pell Grant 1,700.00 11,125.00
8 7/1/2022 Institutional Scholarship 500.00 10,625.00
9 7/1/2022 Federal Direct Loan 1,500.00 9,125.00
10 7/1/2022 Cash Payment (Federal funds 4) 3,700.00 5,425.00
11 8/1/2022 Federal Funds 2 3,725.00 1,700.00
12 9/1/2022 City Grant 2,200.00 (500.00)
13 9/1/2022 Refund Check 500.00
Open Table
Line item in the sample Amount in the sample
Funds Applied First
12 Grant funds for the student from non-Federal public agencies or private sources independent of the institution 2,200.00
Funds provided for the student under a contractual arrangement with a Federal, State, or local government agency for the purpose of providing job training to low-income individuals
Funds used by a student from savings plans for educational expenses established by or on behalf of the student that qualify for special tax treatment under the Internal Revenue Code
8 Qualified institutional scholarships disbursed to the student 500.00
Adjustment: If the amount of Total Funds Applied First is more than Tuition and Fees, then Adjusted Total Funds Applied First is reduced by the amount over Tuition and Fees
Total Funds Applied First 2,700.00
Title IV Aid
1 Prior Year Title IV Carried Over Credit Balance 1,000.00
9 Federal Direct Loan 1,500.00
7 Federal Pell Grant 1,700.00
5 FSEOG (subject to matching reduction) ($500 −$375 FSEOG and $125 Institutional Match) 500.00
Federal Work Study Applied to Tuition and Fees (subject to matching reduction)
5 Adjustment: The amount of FSEOG funds disbursed to a student and the amount of FWS funds credited to the student's account are reduced by the amount of the institutional matching funds −125.00
Adjustment: If the amount of Adjusted Total Funds Applied First + Total Student Title IV Revenue is more than Tuition and Fees, then Adjusted Total Student Title IV Revenue is reduced by the amount over Tuition and Fees
Adjustment: If Title IV funds are returned for a student under § 668.22, then Student Title IV Revenue is reduced by the amount returned
Adjusted Total Title IV Aid 4,575.00
Other Federal Funds Paid Directly to the Institution
4 Federal Funds 1 2,000.00
11 Federal Funds 2 3,725.00
Adjustment: If the amount of Adjusted Total Funds Applied First + Adjusted Total Student Title IV Revenue + Total Other Federal Funds Paid Directly to the Institution is more than Tuition and Fees, then Adjusted Total Other Federal Funds Paid Directly to the Institution is reduced by the amount over Tuition and Fees
Adjusted Total Other Federal Funds Paid Directly to the Institution 5,725.00
Other Federal Funds Paid to Student
6 Federal Funds 3 500.00
10 Federal Funds 4 3,700.00
Adjustment: If the amount of Adjusted Funds Applied First + Adjusted Student Title IV Revenue + Adjusted Total Other Federal Funds Paid Directly to the Institution + Total Other Federal Funds Paid Directly to Student is more than Tuition and Fees, then Adjusted Federal Funds Paid Directly to Student is reduced by the amount over Tuition and Fees −200.00
Adjusted Total Other Federal Funds Paid Directly to Student 4,000.00
Cash Payments
3 Student payments 175.00
5 Adjustment: The amount of FSEOG funds disbursed to a student and the amount of FWS funds credited to the student's account are added to cash for the institutional matching funds 125.00
Adjustment: If the amount of Adjusted Total Funds Applied First + Adjusted Total Student Title IV Revenue + Adjusted Total Other Federal Funds Paid Directly to the Institution + Adjusted Total Other Federal Funds Paid to Student + Total Cash and Other Non- Title Payments are more than Tuition and Fees, then Adjusted Total Cash and Other Non-Title Payments is reduced by the amount over
Tuition and Fees
−300.00
Adjusted Total Cash and Other Non-Title IV Aid 0
Adjusted Total All Federal and Cash Payments 17,000.00

Section 2—Revenue by Source—One Student Example

Open Table
Line item in the sample Amount disbursed Adjusted amount
Student Title IV Revenue
1 Title IV Credit Balance Carried Over from Prior Year 1,000.00 1,000.00
9 Federal Direct Loan 1,500.00 1,500.00
7 Federal Pell Grant 1,700.00 1,700.00
5 FSEOG (federal portion only) 375.00 375.00
Total Student Title IV Revenue 4,575.00 4,575.00
Federal Funds Paid Directly to the Institution
6 Federal Funds 1 2,000.00 2,000.00
10 Federal Funds 2 3,725.00 3,725.00
Total Student Federal Funds Paid Directly to the Institution 5,725.00 5,725.00
Student Federal Funds Paid Directly to the Student
4 Federal Funds 3 500.00 500.00
11 Federal Funds 4 3,700.00 3,700.00
13 Refunds Paid to Student −200.00
Adjusted Student Federal Funds Paid Directly to Student 4,200.00 4,000.00
Adjusted Student Federal Revenue 14,500.00 14,300.00
Student Non-Federal Revenue
12 Grant funds for the student from non-Federal public agencies or private sources independent of the institution 2,200.00 2,200.00
8 Institutional scholarships disbursed to the student 500.00 500.00
3,5,13 Student payments 300.00 0
Student Non-Title IV Revenue 3,000.00 2,700.00
Total Federal and Non-Federal Revenue 17,500.00 17,000.00

Section 2—Revenue by Source—Calculation

Open Table
Amount disbursed Adjusted amount
Student Title IV Revenue
Title IV Credit Balance Carried Over from Prior Year 45,000.00 45,0000.00
Federal Direct Loan 1,500,000.00 1,500,000.00
Federal Pell Grant 400,700.00 400,700.00
FSEOG (subject to matching reduction) 11,500.00 8,625.00
Total Student Title IV Revenue 1,957,200.00 1,954,325.00
Refunds Paid to Students −35,500.00
Student Federal Funds Paid Directly to Student
Federal Funds 3 50,000.00 50,000.00
Federal Funds 4 3,700.00 3,700.00
Total Student Federal Funds Paid Directly to Student 53,700.00 53,700.00
Refunds Paid to Student −200.00
Adjusted Student Federal Funds Paid Directly to Student 53,700.00 53,500.00
Adjusted Student Federal Revenue 3,575,625.00 3,517,050.00
Adjusted Student Title IV Revenue 1,957,200.00 1,918,825.00
Federal Funds Paid Directly to the Institution
Federal Funds 1 200,000.00 200,000.00
Federal Funds 2 1,355,725.00 1,355,725.00
Federal Portion of Other Funds 9,000.00 9,000.00
Total Student Federal Funds Paid Directly to the Institution 1,564,725.00 1,564,725.00
Refunds Paid to Students −20,000.00
Adjusted Student Title IV Federal Funds Paid Directly to the Institution 1,564,725.00 1,544,725.00
Revenue From Other Sources (Totals for the Fiscal Year)
Activities conducted by the institution that are necessary for education and training 25,000.00 25,000.00
Funds paid to the institution by, or on behalf of, students for education and training in qualified non-Title IV eligible programs 143,000.00 143,000.00
Revenue from Other Sources 168,000.00 168,000.00
Adjusted Non-Federal Revenue and Revenue from Other Sources 587,800.00 559,500.00
Total Federal and Non-Federal Revenue 4,163,425.00 4,076,550.00
Open Table
Student non-Federal revenue Amount Adjusted amount
Grant funds for the student from non-Federal public agencies or private sources independent of the institution
—State Grant (9.0451 percent Federal Funds) 99,500.00 90,500.00
—ABC Scholarship 500.00 500.00
Funds provided for the student under a contractual arrangement with a Federal, State, or local government agency for the purpose of providing job training to low-income individuals
Funds used by a student from savings plan for educational expenses established by or on behalf of the student that qualify for special tax treatment under the Internal Revenue Code
Qualified institutional scholarships disbursed to the student 500.00 500.00
Student payments
—Third Party Loans 50,000.00 50,000.00
—Third Party Loans-related Party/Institutional Loans 107,000.00 100,000.00
—ISA Institutional or Related Party 37,000.00 25,000.00
—ISA 75,000.00 75,000.00
—Student Cash 50,300.00 50,300.00
Student Non-Title IV Revenue 419,800.00 391,800.00
Refunds Paid to Student −300.00
Adjusted Non-Federal Revenue 419,800.00 391,500.00

Section 3—Calculating the Revenue Percentage

Open Table
∑ Adjusted Student Federal Revenue * ÷ ∑ Adjusted Student Federal Revenue + ∑ Adjusted Non-Federal Revenue and Revenue from Other Sources = 90/10 Revenue Percentage.

[87 FR 65492, Oct. 28, 2022]


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