Financial Aid Consortium Agreements
(written agreements between schools)
In order to receive federal and
state financial aid, a student must be accepted into a
degree program at an approved school. Under a consortium
agreement, students who are matriculated at Lock Haven
University (“home school”) may take courses at another
institution, and have these courses count toward their
degree at the home school, as well as have their
financial aid processed for these courses through the
home school
The first step a student must
complete if s/he is planning on taking a course at
another institution is to submit a Transfer Credit
Approval Form to the LHU Registrar’s Office. The approval
of this form means that LHU will accept the credits from
the other institution towards the student’s degree at
LHU. This form must be submitted even if a student is
not requesting financial aid to be processed for this
course.
If a student is taking an
additional course(s) at an institution other than Lock
Haven University and
is requesting financial aid to be processed for this
course(s), s/he must request a financial aid consortium
agreement through the Student Financial Services (SFS)
Office. A financial aid consortium agreement can be
processed for the fall, spring, and/or summer semesters.
A separate agreement must be
requested for each institution a student will be
attending, as well as each session the student will be
taking classes at the other institution.
It is the student’s responsibility
to request the financial aid consortium through SFS and
to provide all required information to SFS.
The following information must
be provided to SFS to have the financial aid consortium
agreement processed:
v
A copy of the
fully approved transfer credit approval form
from LHU’s Registrar’s Office. Please Note:
A copy of what the
student originally submitted to the Registrar’s Office
will not suffice.
v
The name of the other institution (“host
school”) the student will attend
v
The name, telephone number, and fax number
of a contact person at the other institution where SFS
is to send the financial aid consortium agreement
Please Note:
Student Financial Services
will not process the agreement
unless and until all of the above information is
submitted.
It is strongly recommended that students provide the
above information to SFS at least 6 weeks prior to
enrolling at the host school.
Once all of the appropriate
information is submitted, SFS will request information
from the other institution verifying the student’s
enrollment status for the time period covered by the
agreement. By signing the agreement, the host school
also agrees to notify LHU if the student withdraws or
drops classes from his/her schedule. The host school
must also notify LHU if it makes available any resources
to the student or becomes aware of any resources being
made available to the student from outside resources.
Although the agreement requires the
host school to notify LHU if there is a change in the
student’s enrollment, the student must also notify Student Financial
Services immediately if s/he makes any changes to his/her
schedule at the host school.
The sole purpose of the financial
aid consortium agreement is to allow the home school to
process a student’s financial aid for courses being
taken at another institution.
LHU will issue financial aid refunds directly to the
student, not to the host
school. The student is responsible for
making all payments and/or payment arrangements with the
host school, and for arranging for credits to be
transferred back to LHU. |
