A consortium agreement allows for the transfer
of federal loans and grant funds from your matriculated
college or university to NOLS. The school you
are attending must decide whether or not the
NOLS / University of Utah credits will be accepted,
and then it is up to the discretion of the particular
university or college to decide if those funds
can be used in that fashion.
Semester students who are in a degree program
at a college that honors NOLS
semester credit are eligible. Several types of federal aid can be transferred including direct subsidized or unsubsidized student loans, Perkins Loan, federal Pell Grant, federal supplemental educational opportunity grant, and Federal Direct Parent Loan for Undergraduate Students (PLUS).
- Call your financial aid office and ask if
they do "consortium agreements." Consortiums
are allowed for by federal regulation, but
a school is not required to provide them.
- Go to your advisor with your NOLS course
description, the NOLS college credit information
and the syllabi for each University of Utah
course you would earn credit in.
- If your advisor approves the credit, you
are ready to go to your financial aid office.
- Tell your financial aid office you want to
do a consortium agreement with NOLS. The consortium
cannot be with the University of Utah because
you are a contract student.
- After a consortium is signed, NOLS and your
school's financial aid and business offices
work together to provide for the transfer of
funds. NOLS tuition is due 75 days prior
to the course start date. If your financial
aid funds are not transferred at that time,
we will need written verification from your
financial aid office as to total aid to be
transferred and when.
- Please give the NOLS Financial Aid Advisor a call
for more details on this
process at (800) 710-NOLS ext. 2272.