Consortium Agreement

A Consortium Agreement is an arrangement between SUNY Geneseo, your "home" school, and another college/university, "host" school, where the home school will recognize your registration at the host school for the purpose of determining federal student aid eligibility, as allowed in Part 668.19, Student Assistance General Provisions and Part 690.8, Pell Grant Program, Codes of the US Department of Education Federal Regulations.

College/universities are not required to accept Consortium Agreements from other schools. If the Host Institution does not agree to enter into a Financial Aid Consortium Agreement with Geneseo, then the student will be ineligible for payment of financial aid funds until the courses are transferred back to Geneseo.

The Agreement is for determination of financial aid eligibility. It does not guarantee that a bill at the host institution will be deferred until  federal student aid disburses at Geneseo. The Office of Financial Aid will forward a copy of the Agreement to the Geneseo's Student Accounts Office. If there is enough aid to cover charges here, our Office of Student Accounts will forward the remaining aid to the host institution.

The student is ultimately responsible for payment of all charges at the host school. Payment to the host school MAY be due prior to the disbursement of your financial aid at Geneseo. The student should make arrangements with the host school for deferment of the bill.

Eligibility

Documentation

Process

Anticipated Disbursement Information

Special Notes




Eligibility:

In addition to being eligible for federal student aid, students must be:

  • matriculated student at Geneseo, AND
  • in good academic standing, based on Federal, State and School standards, AND
  • enrolled at another institution in coursework that is approved to transfer back to Geneseo for credit.

AND meet one of these conditions, during the same term you are taking courses at another institution:

  • be enrolled less than half-time (6 credits) at Geneseo, OR
  • be enrolled less than full-time (12 credits) at Geneseo, OR
  • if not enrolled at Geneseo, be enrolled at the other institution for at least half-time (6 credits).

Return to top


 

Required Documentation:
  1. 2014-15 Consortium Agreement Request
  2. Complete Course Approval(s) from our Dean of the College
  3. Proof of Registration at the Host School
  4. Copy of your bill at the Host School

If participating in a Study Abroad Program through a non-SUNY school, you, also, must attach this additional information:

  1. Acceptance Letter into the Study Abroad Program
  2. Cost Sheet for Study Abroad Program

Return to top


 

The Process

Step 1: Complete the 2014-15 FAFSA.

Step 2: Obtain Course Approvals. The student must provide to the Office of Financial Aid a Course Approval signed by Geneseo's academic Dean indicating that the course(s) that he/she intends to take at their host school will transfer back to Geneseo.  The courses listed on the Course Approval must match the courses that the student is registered for at the host school.

Step 3: Register at the host school. Once registered at the host school, the student obtains the Consortium Agreement Request from Geneseo's Office of Financial Aid. 

Step 4: Complete student sections on the Consortium Agreement Request. The student is responsible for completing all of Part I and the student information on top of page 3. Do not leave any items blank or the application will be considered incomplete and not processed.

Step 5: Submit required documentation before the semester deadline: The request will be considered incomplete and not processed if any required items are missing.

Step 6: Financial Aid will send Consortium Agreement Request to host school. The Office of Financial Aid will complete Part II and fax the Consortium Agreement with a request to defer payment to the host school, if required.

Step 7: Host School completes and returns Consortium Agreement Request to Geneseo. If the host school agrees to enter into such an agreement, then its Financial Aid Office must complete Part III and return the form to Geneseo's Financial Aid Office.

Return to top


 

Anticipated Dates of Disbursement by Term:

Geneseo will process the student's Title IV financial aid application and provide payment of funds, if eligible, for the consortium term. Disbursements typically occur on or shortly after the listed dates. If the student has a balance due to SUNY Geneseo, that amount is paid first and any remaining financial aid will be forwarded to the Host School. If requirements are missing or incomplete, disbursements may not occur until the information is received and reviewed. Check KnightWeb for missing requirements.

 

Summer 2014Fall 2014Spring 2015
June 2, 2014August 17, 2014January 12, 2015
July 5, 2014  

*Pell disburses after July 5th, 2014      

 

*Pell disburses after September 10, 2014

**TAP disburses after the 4th week of classes     

*Pell disburses after February 4, 2015

**TAP disburses after the 4th week of classes