Regulations last checked for updates: Nov 25, 2024

Title 34 - Education last revised: Nov 15, 2024
All TitlesTitle 34Chapter VIPart 668Subpart BAppendix Appendix C - Appendix C to Subpart B of Part 668—90/10 Revenue Calculation
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Appendix Appendix C - 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

Line Date Charge/Payment Memo Debit Credit Balance
112/31/2021Federal Direct Loan1,000.00(1,000.00)
21/1/2022Tuition and Fees17,000.0016,000.00
32/1/2022Cash Payment175.0015,825.00
42/1/2022Federal Funds 12,000.0013,825.00
52/1/2022FSEOG(Fed. 375/Inst. 125)500.0013,325.00
65/1/2022Cash Payment(Federal funds 3)500.0012,825.00
77/1/2022Federal Pell Grant1,700.0011,125.00
87/1/2022Institutional Scholarship500.0010,625.00
97/1/2022Federal Direct Loan1,500.009,125.00
107/1/2022Cash Payment(Federal funds 4)3,700.005,425.00
118/1/2022Federal Funds 23,725.001,700.00
129/1/2022City Grant2,200.00(500.00)
139/1/2022Refund Check500.00
Line item in the sample Amount in the sample
Funds Applied First
12Grant funds for the student from non-Federal public agencies or private sources independent of the institution2,200.00
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
8Qualified institutional scholarships disbursed to the student500.00
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 First2,700.00
Title IV Aid
1Prior Year Title IV Carried Over Credit Balance1,000.00
9Federal Direct Loan1,500.00
7Federal Pell Grant1,700.00
5FSEOG (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)
5Adjustment: 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 Aid4,575.00
Other Federal Funds Paid Directly to the Institution
4Federal Funds 12,000.00
11Federal Funds 23,725.00
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 Institution5,725.00
Other Federal Funds Paid to Student
6Federal Funds 3500.00
10Federal Funds 43,700.00
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 Student4,000.00
Cash Payments
3Student payments175.00
5Adjustment: 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 funds125.00
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 Aid0
Adjusted Total All Federal and Cash Payments17,000.00

Section 2—Revenue by Source—One Student Example

Line item in the sample Amount disbursed Adjusted amount
Student Title IV Revenue
1Title IV Credit Balance Carried Over from Prior Year1,000.001,000.00
9Federal Direct Loan1,500.001,500.00
7Federal Pell Grant1,700.001,700.00
5FSEOG (federal portion only)375.00375.00
Total Student Title IV Revenue4,575.004,575.00
Federal Funds Paid Directly to the Institution
6Federal Funds 12,000.002,000.00
10Federal Funds 23,725.003,725.00
Total Student Federal Funds Paid Directly to the Institution5,725.005,725.00
Student Federal Funds Paid Directly to the Student
4Federal Funds 3500.00500.00
11Federal Funds 43,700.003,700.00
13Refunds Paid to Student−200.00
Adjusted Student Federal Funds Paid Directly to Student4,200.004,000.00
Adjusted Student Federal Revenue14,500.0014,300.00
Student Non-Federal Revenue
12Grant funds for the student from non-Federal public agencies or private sources independent of the institution2,200.002,200.00
8Institutional scholarships disbursed to the student500.00500.00
3,5,13Student payments300.000
Student Non-Title IV Revenue3,000.002,700.00
Total Federal and Non-Federal Revenue17,500.0017,000.00

Section 2—Revenue by Source—Calculation

Amount disbursed Adjusted amount
Student Title IV Revenue
Title IV Credit Balance Carried Over from Prior Year45,000.0045,0000.00
Federal Direct Loan1,500,000.001,500,000.00
Federal Pell Grant400,700.00400,700.00
FSEOG (subject to matching reduction)11,500.008,625.00
Total Student Title IV Revenue1,957,200.001,954,325.00
Refunds Paid to Students−35,500.00
Student Federal Funds Paid Directly to Student
Federal Funds 350,000.0050,000.00
Federal Funds 43,700.003,700.00
Total Student Federal Funds Paid Directly to Student53,700.0053,700.00
Refunds Paid to Student−200.00
Adjusted Student Federal Funds Paid Directly to Student53,700.0053,500.00
Adjusted Student Federal Revenue3,575,625.003,517,050.00
Adjusted Student Title IV Revenue1,957,200.001,918,825.00
Federal Funds Paid Directly to the Institution
Federal Funds 1200,000.00200,000.00
Federal Funds 21,355,725.001,355,725.00
Federal Portion of Other Funds9,000.009,000.00
Total Student Federal Funds Paid Directly to the Institution1,564,725.001,564,725.00
Refunds Paid to Students−20,000.00
Adjusted Student Title IV Federal Funds Paid Directly to the Institution1,564,725.001,544,725.00
Revenue From Other Sources (Totals for the Fiscal Year)
Activities conducted by the institution that are necessary for education and training25,000.0025,000.00
Funds paid to the institution by, or on behalf of, students for education and training in qualified non-Title IV eligible programs143,000.00143,000.00
Revenue from Other Sources168,000.00168,000.00
Adjusted Non-Federal Revenue and Revenue from Other Sources587,800.00559,500.00
Total Federal and Non-Federal Revenue4,163,425.004,076,550.00
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)99,500.0090,500.00
—ABC Scholarship500.00500.00
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 student500.00500.00
Student payments
—Third Party Loans50,000.0050,000.00
—Third Party Loans-related Party/Institutional Loans107,000.00100,000.00
—ISA Institutional or Related Party37,000.0025,000.00
—ISA75,000.0075,000.00
—Student Cash50,300.0050,300.00
Student Non-Title IV Revenue419,800.00391,800.00
Refunds Paid to Student−300.00
Adjusted Non-Federal Revenue419,800.00391,500.00

Numerator 3,517,050.

Denominator 4,076,550 = 86.27 percent.

Section 3—Calculating the Revenue Percentage

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

* Adjusted Student Federal Revenue = Adjusted Student Title IV Revenue + Adjusted Other Federal Funds Paid Directly to the Institution + Adjusted Other Federal Funds Paid Directly to Student

∑ Adjusted Student Federal Revenue = The sum of the amounts of all Federal funds, as adjusted, for each student at the institution during the fiscal year to whom the institution disbursed Title IV Aid and Other Federal Funds and Federal funds that students directly receive.

∑ Adjusted Non-Federal Revenue = The sum of the amounts of items applied first and adjusted cash payments for each student at the institution during the fiscal year whose non-Federal funds were used to pay all or some of those student's Tuition and Fee charges.

[87 FR 65492, Oct. 28, 2022]
authority: 20 U.S.C. 1001-1003,1070g,1085,1088,1091,1092,1094,1099c,1099c-1,1221e,and,unless
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