UNITED STATES DEPARTMENT OF EDUCATION

OFFICE OF POSTSECONDARY EDUCATION

 

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

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 - 

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 
3/11/22

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 less 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 34 

CFR 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
3/11/22

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 NonTitle 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

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 (subject to matching reduction) 500.00 375.00

Total Student Title IV Revenue 4,700.00 4,525.00
3/11/22

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 14,825.00 14,500.00

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 - Attestation

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

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

Adjust Student Title Federal Funds Paid Directly to the 

Institution 1,564,725.00 1,544,725.00
3/11/22

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

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% 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 100,000.00 100,000.00

---ISA Institutional or Related Party 25,000.00 25,000.00

---ISA 75,000.00 75,000.00

--- Student Cash 50,300.00 50,300.00

Student Non-Title IV Revenue 400,800.00 391,800.00

Refunds Paid to Student -300.00

Adjusted Non-Federal Revenue 400,800.00 391,500.00

Revenue From Other Sources (Totals for the Fiscal Year)

Activities conducted by the institution that are necessary for 

education and training 25,000.000 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 568,800.00 559,500.00

Total Federal and Non-Federal Revenue 4,144,425.00 4,076,550.00
3/11/22

Numerator 3,517,050

Denominator 4,076,550 = 86.27%

Section 3: Calculating the Revenue Percentage

 ∑ Adjusted Student Federal Revenue*

 = 90/10 Revenue Percentage

∑ Adjusted Student Federal Revenue + ∑ Adjusted Non-Federal 

Revenue and Revenue from Other Sources

*Adjusted Student Federal Revenue + Adjusted Student Title IV Revenue + Adjusted Other Federal Funds 

Paid Directly to the Institution + Adjusted Other Federal Paid Directly to Student

∑ Adjusted Student Title IV 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

∑ Student Non-Federal Revenue = The sum of the amounts of items applied first and 

adjusted cash payments, as adjusted, for each student at the institution during the fiscal 

year whose Non-Title IV funds were used to pay all or some of those student's Tuition 

LasLand Fee charges