{"data":{"id":"us/34-cfr-appendix-c-to-subpart-b-of-part-668","jurisdiction":"us","citation":"34 CFR Appendix C to Subpart B of Part 668","heading":"Appendix C to Subpart B of Part 668—90/10 Revenue Calculation","body":"Section 1: Sample Student Account at the Institution/Funds Applied in Priority Order\nSample Student Account Ledger\nLine Date Charge/Payment Memo Debit Credit Balance\n1 12/31/2021 Federal Direct Loan 1,000.00 (1,000.00)\n2 1/1/2022 Tuition and Fees 17,000.00 16,000.00\n3 2/1/2022 Cash Payment 175.00 15,825.00\n4 2/1/2022 Federal Funds 1 2,000.00 13,825.00\n5 2/1/2022 FSEOG (Fed. 375/Inst. 125) 500.00 13,325.00\n6 5/1/2022 Cash Payment (Federal funds 3) 500.00 12,825.00\n7 7/1/2022 Federal Pell Grant 1,700.00 11,125.00\n8 7/1/2022 Institutional Scholarship 500.00 10,625.00\n9 7/1/2022 Federal Direct Loan 1,500.00 9,125.00\n10 7/1/2022 Cash Payment (Federal funds 4) 3,700.00 5,425.00\n11 8/1/2022 Federal Funds 2 3,725.00 1,700.00\n12 9/1/2022 City Grant 2,200.00 (500.00)\n13 9/1/2022 Refund Check 500.00\nLine item in the sample Amount in the sample\nFunds Applied First\n12 Grant funds for the student from non-Federal public agencies or private sources independent of the institution 2,200.00\nFunds 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\nFunds 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\n8 Qualified institutional scholarships disbursed to the student 500.00\nAdjustment: 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\nTotal Funds Applied First 2,700.00\nTitle IV Aid\n1 Prior Year Title IV Carried Over Credit Balance 1,000.00\n9 Federal Direct Loan 1,500.00\n7 Federal Pell Grant 1,700.00\n5 FSEOG (subject to matching reduction) ($500 −$375 FSEOG and $125 Institutional Match) 500.00\nFederal Work Study Applied to Tuition and Fees (subject to matching reduction)\n5 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\nAdjustment: 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\nAdjustment: If Title IV funds are returned for a student under § 668.22, then Student Title IV Revenue is reduced by the amount returned\nAdjusted Total Title IV Aid 4,575.00\nOther Federal Funds Paid Directly to the Institution\n4 Federal Funds 1 2,000.00\n11 Federal Funds 2 3,725.00\nAdjustment: 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\nAdjusted Total Other Federal Funds Paid Directly to the Institution 5,725.00\nOther Federal Funds Paid to Student\n6 Federal Funds 3 500.00\n10 Federal Funds 4 3,700.00\nAdjustment: 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\nAdjusted Total Other Federal Funds Paid Directly to Student 4,000.00\nCash Payments\n3 Student payments 175.00\n5 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\nAdjustment: 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\nAdjusted Total Cash and Other Non-Title IV Aid 0\nAdjusted Total All Federal and Cash Payments 17,000.00\nSection 2—Revenue by Source—One Student Example\nLine item in the sample Amount disbursed Adjusted amount\nStudent Title IV Revenue\n1 Title IV Credit Balance Carried Over from Prior Year 1,000.00 1,000.00\n9 Federal Direct Loan 1,500.00 1,500.00\n7 Federal Pell Grant 1,700.00 1,700.00\n5 FSEOG (federal portion only) 375.00 375.00\nTotal Student Title IV Revenue 4,575.00 4,575.00\nFederal Funds Paid Directly to the Institution\n6 Federal Funds 1 2,000.00 2,000.00\n10 Federal Funds 2 3,725.00 3,725.00\nTotal Student Federal Funds Paid Directly to the Institution 5,725.00 5,725.00\nStudent Federal Funds Paid Directly to the Student\n4 Federal Funds 3 500.00 500.00\n11 Federal Funds 4 3,700.00 3,700.00\n13 Refunds Paid to Student −200.00\nAdjusted Student Federal Funds Paid Directly to Student 4,200.00 4,000.00\nAdjusted Student Federal Revenue 14,500.00 14,300.00\nStudent Non-Federal Revenue\n12 Grant funds for the student from non-Federal public agencies or private sources independent of the institution 2,200.00 2,200.00\n8 Institutional scholarships disbursed to the student 500.00 500.00\n3,5,13 Student payments 300.00 0\nStudent Non-Title IV Revenue 3,000.00 2,700.00\nTotal Federal and Non-Federal Revenue 17,500.00 17,000.00\nSection 2—Revenue by Source—Calculation\nAmount disbursed Adjusted amount\nStudent Title IV Revenue\nTitle IV Credit Balance Carried Over from Prior Year 45,000.00 45,0000.00\nFederal Direct Loan 1,500,000.00 1,500,000.00\nFederal Pell Grant 400,700.00 400,700.00\nFSEOG (subject to matching reduction) 11,500.00 8,625.00\nTotal Student Title IV Revenue 1,957,200.00 1,954,325.00\nRefunds Paid to Students −35,500.00\nStudent Federal Funds Paid Directly to Student\nFederal Funds 3 50,000.00 50,000.00\nFederal Funds 4 3,700.00 3,700.00\nTotal Student Federal Funds Paid Directly to Student 53,700.00 53,700.00\nRefunds Paid to Student −200.00\nAdjusted Student Federal Funds Paid Directly to Student 53,700.00 53,500.00\nAdjusted Student Federal Revenue 3,575,625.00 3,517,050.00\nAdjusted Student Title IV Revenue 1,957,200.00 1,918,825.00\nFederal Funds Paid Directly to the Institution\nFederal Funds 1 200,000.00 200,000.00\nFederal Funds 2 1,355,725.00 1,355,725.00\nFederal Portion of Other Funds 9,000.00 9,000.00\nTotal Student Federal Funds Paid Directly to the Institution 1,564,725.00 1,564,725.00\nRefunds Paid to Students −20,000.00\nAdjusted Student Title IV Federal Funds Paid Directly to the Institution 1,564,725.00 1,544,725.00\nRevenue From Other Sources (Totals for the Fiscal Year)\nActivities conducted by the institution that are necessary for education and training 25,000.00 25,000.00\nFunds 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\nRevenue from Other Sources 168,000.00 168,000.00\nAdjusted Non-Federal Revenue and Revenue from Other Sources 587,800.00 559,500.00\nTotal Federal and Non-Federal Revenue 4,163,425.00 4,076,550.00\nStudent non-Federal revenue Amount Adjusted amount\nGrant funds for the student from non-Federal public agencies or private sources independent of the institution\n—State Grant (9.0451 percent Federal Funds) 99,500.00 90,500.00\n—ABC Scholarship 500.00 500.00\nFunds 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\nFunds 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\nQualified institutional scholarships disbursed to the student 500.00 500.00\nStudent payments\n—Third Party Loans 50,000.00 50,000.00\n—Third Party Loans-related Party/Institutional Loans 107,000.00 100,000.00\n—ISA Institutional or Related Party 37,000.00 25,000.00\n—ISA 75,000.00 75,000.00\n—Student Cash 50,300.00 50,300.00\nStudent Non-Title IV Revenue 419,800.00 391,800.00\nRefunds Paid to Student −300.00\nAdjusted Non-Federal Revenue 419,800.00 391,500.00\nNumerator 3,517,050.\nDenominator 4,076,550 = 86.27 percent.\nSection 3—Calculating the Revenue Percentage\n∑ Adjusted Student Federal Revenue * ÷ ∑ Adjusted Student Federal Revenue + ∑ Adjusted Non-Federal Revenue and Revenue from Other Sources = 90/10 Revenue Percentage.\n* 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\n∑ 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.\n∑ 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.","path":["Title 34—Education","Subtitle B—Regulations of the Offices of the Department of Education","CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION","PART 668—STUDENT ASSISTANCE GENERAL PROVISIONS","Subpart B—Standards for Participation in Title IV, HEA Programs"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-34.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:40Z","sha256":"e3adedca7dd7139a4f0be8d7d2fd7d92d09cbb505d2c84814529096058e430b5","source_id":"us-cfr","stale":true,"prev":"us/34-cfr-appendix-b-to-subpart-b-of-part-668","next":"us/34-cfr-668.31"},"notice":"GroundRules: Original legal text. Not legal advice."}