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 different
types of federal aid can be transferred including:
Stafford Loan or Guaranteed Student Loan; Perkins
Loan, also called National Direct Student Loan;
Pell Grant; Student Educational Opportunity Grant;
and Parents Loan Program
Here is step by step process:
- 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 required 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 admission office a call
if you are considering going through with this
process at (800) 710-NOLS.