CONSORTIUM AGREEMENTS
The function and process of the Consortium Agreement is as follows:
FUNCTION:
The Consortium Agreement serves as a tool to:
A.) Ensure that credits taken at a Host Institution are transferable back to
the Home Institution (school where student is matriculated). These
credits must be applicable to the degree/certificate program in which
the student is enrolled.
B.) Ensure that Financial Aid is processed only by the Home Institution,
and not duplicated by the Host. The aid will be based on the total
number of credit hours verified by the Host Institution, plus those taken
at the Home Institution.
PROCESS:
Prior to taking courses at the Host Institution, the student needs to obtain pre-
approval from the academic department to verify that the credits taken at the
Host Institution are transferable back to the program here.
Once the academic department approves and signs the agreement, it is
forwarded to the Financial Aid Office at MVCC. Our office will then forward
the agreement to the Host Institution to obtain the cost of education for the
courses being taken there, and also for verification of enrollment. We will also
need a copy of the billing statement, and course registration form for your file.
Please note: a minimum of
3
credit hours must be taken at the Home
Institution (MVCC) in order for this agreement to be valid.
A Free Application For Federal Student Aid (F AFSA)
Form must be filed. MVCC's federal school code (002871) must be used on
the F AFSA.
PAYMENT:
Students may request deferment of payment at the Host Institution until the aid is
processed at MVCC and applied to the account. If the Host Institution agrees, when the
aid is paid, the STUDENT, not the Home Institution is responsible to pay their bill at the
Host Institution. In the instance when MVCC is the Host Institution for a student, the
Business Office will defer tuition based on the Consortium Agreement.
