Fillable Individual Financial Aid Consortium Agreement (Page 2 of 4) in pdf

Home Institution

 The “home” institution shall be determined by the student’s immediate degree objective. For

example, if the student’s immediate degree is a bachelor’s degree; A&M-Texarkana will be

designated as the home institution.

 The “home” institution shall be responsible for processing, awarding and disbursing federal, state

and certain institutional aid, as well as monitoring academic progress and calculating Return of

Title IV funds, as awarded. Students will receive financial aid only through their “home

institution”.

 Student eligibility will be monitored by the home institution.

 The “home” institution must retain all required records for the requisite time necessary to

maintain compliance with pertinent federal, state and institutional regulations and procedures.

 The policies and procedures of the “home” institution always take precedence over the “host”

institution. You must understand the policies and procedures of A&M-Texarkana that govern this

agreement.

 As the “home” institution, grade(s) and completion rates will be subject to the Satisfactory

Academic Policy. You must read and understand that policy. No further aid will be disbursed

from the “home” institution until A&M-Texarkana received grade information. Grades of

“incomplete” may adversely impact your eligibility for future aid.

 For students who withdraw from all their classes for fail to satisfactorily complete any credit

hours at both institutions, the “home” institutions tuition refund and Return of Title IV funds

policies will prevail. Tuition that may be retained by each institution will be distributed based on

the same percentage of tuition assessed and paid at each institution.

Host Institution

 The “host” institution shall ensure that consortium participants do not receive federal and state aid

from both institutions during the same semester. In addition, the “host” institution will provide to

the “home” institution information relevant to participants enrollment in a timely manner.

 Payment of tuition and fees to the “host” institution are your (the student’s) responsibility. Any

late fees caused by delays in processing as a result of late submission of required forms

(enrollment verification, confirmation of satisfactory academic progress between institutions) are

your (the student’s) responsibility.

 It is your responsibility to provide enrollment verification and attendance verification from the

“host” institution to A&M-Texarkana. No aid will be disbursed until you begin attendance at

both institutions.

 It is your responsibility to provide grade(s) via an official transcript from the “host” institution to

A&M-Texarkana.

 You must immediately report any changes in enrollment at the “host” institution to the Student

Financial Aid Office at A&M-Texarkana. You are expected to maintain enrollment in the credit

hours at the “host” institution for the entire period that this consortium agreement is in effect.

Individual Financial Aid Consortium Agreement Page 2