R2T4 refers to a federal policy called Return to Title IV funds, a calculation used to determine whether or not a student has “earned” all of his or her financial aid when they fail or do not complete their classes.
When a student drops or withdraws from their classes before the end of the trimester or term, this calculation is performed to determine what percentage of the term they completed (number of days attended ÷ number of days scheduled) and how much of their federal financial aid they are allowed to keep.
If a student has completed less than 60% of their scheduled enrollment they are not considered to have "earned" all of their financial aid. In this case, it is common that the school must return a portion of the student's aid to the Department of Education. In most cases, the aid for the term has already been applied to the student's tuition, books, or stipend, and can result in owing a significant balance to the University.
Please speak with your Student Advisor prior to dropping or withdrawing from a class. Having a conversation with your advisor, prior to withdrawal, can help you better understand if you will be subject to any repayment to the University.