Which statement is true regarding consortium agreements?

Study for the FAAC Exam. Use engaging quizzes with detailed explanations and multiple choice questions to enhance your preparation. Get ready for success on your exam!

Multiple Choice

Which statement is true regarding consortium agreements?

Explanation:
Consortium agreements let a student enroll at a partner institution and have those courses count toward their degree, with financial aid coordinated through the home institution. This means credits earned at the other school can transfer and the student can receive financial aid for those courses as part of their aid package, subject to eligibility and transfer rules. It’s not about listing Title IV eligible programs, nor is it simply cross-enrollment without affecting aid, and it isn’t the Federal Work-Study agreement with a service organization.

Consortium agreements let a student enroll at a partner institution and have those courses count toward their degree, with financial aid coordinated through the home institution. This means credits earned at the other school can transfer and the student can receive financial aid for those courses as part of their aid package, subject to eligibility and transfer rules. It’s not about listing Title IV eligible programs, nor is it simply cross-enrollment without affecting aid, and it isn’t the Federal Work-Study agreement with a service organization.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy