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Consortium Agreement Odu

If you`re a student at Old Dominion University (ODU) and planning to study abroad or take classes at another institution, you may need to know about the consortium agreement.

A consortium agreement is a legal agreement between two or more institutions that outlines how financial aid will be awarded when a student is taking classes at more than one college or university. In the case of ODU, this agreement is necessary when a student wants to take classes at another institution that is not a part of the Virginia Community College System.

The consortium agreement allows students to receive financial aid from their home institution (ODU) for the classes they are taking at the other institution. This means that the financial aid office at ODU will determine the total cost of attendance for the student, including tuition, fees, and living expenses. Then, they will subtract any financial aid the student has already been awarded for the term.

Next, the financial aid office will determine how much additional aid the student needs to cover the cost of the classes at the other institution. This amount is based on the cost of attendance at the other institution and any financial aid available from that institution.

The consortium agreement also outlines the responsibilities of the student and the participating institutions. For example, the student must maintain satisfactory academic progress and provide transcripts from the other institution to ODU. The participating institutions must communicate regularly and ensure that the student receives the appropriate amount of financial aid.

If you`re a student at ODU planning to study abroad or take classes at another institution, it`s important to start the process early. You`ll need to work with your academic advisor and the financial aid office at ODU to determine if a consortium agreement is necessary and complete the necessary paperwork.

In summary, a consortium agreement is a legal agreement between two or more institutions that outlines how financial aid will be awarded when a student is taking classes at more than one college or university. If you`re a student at ODU planning to study abroad or take classes at another institution, be sure to consult with your academic advisor and the financial aid office to ensure you understand the process.