FAAC Practice Exam

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Which statement is true regarding consortium agreements?

It allows students to take courses at another school that can be applied toward their degree and receive financial aid

Consortium agreements let a student enroll at a partner institution and have those courses count toward their degree, with financial aid coordinated through the home institution. This means credits earned at the other school can transfer and the student can receive financial aid for those courses as part of their aid package, subject to eligibility and transfer rules. It’s not about listing Title IV eligible programs, nor is it simply cross-enrollment without affecting aid, and it isn’t the Federal Work-Study agreement with a service organization.

It details with the U.S. Department of Education the programs that an institution has been approved to offer as Title IV eligible

It governs cross-enrollment between two schools without affecting financial aid

It is the FWS agreement between the college and a community service organization