Financial Aid

How can I use my financial aid in a Consortium Agreement with LCSC and another school?

What is a Consortium Agreement and why would I want one?

  • An agreement which allows you to receive financial aid at one school while combining the credits from two different schools during the same enrollment period.
  • You may want to enter into a Consortium Agreement due to scheduling or availability of required courses.
  • Federal aid may only be disbursed through one institution per semester.

Which school is the "parent" institution and which is the "visiting" institution?

  • The "parent" institution is the school from which you will receive your degree.
  • The "visiting" institution is the school at which you are taking additional credits for your degree. Typically, you will apply as a non-degree seeking student at the "visiting" institution.

How do I set up a Consortium Agreement?

  • Be fully admitted as a degree seeking student with the "parent" institution.
  • Be admitted as a non-degree seeking student with the "visiting" institution.
  • Register for courses at both institutions. For LCSC to be the "parent" institution you must be registered for at least 6 LCSC credits.
  • Complete a Consortium Agreement Form located at www.lcsc.edu/financialaid/financial-aid-forms if LCSC is your "parent" institution.
  • If LCSC is your "visiting" institution, contact the Financial Aid Office at your "parent" institution to determine what forms need to be completed.

 

How do I complete the Consortium Agreement process?

  • If LCSC is your "home" institution, print the Consortium Agreement Form from www.lcsc.edu/financialaid/financial-aid-forms. If LCSC is not your "home" institution, contact the Financial Aid Office at the other school to determine what forms need to be completed.
  • Be sure to register at both schools.
  • If you are registering for a class that requires a pre-requisite, you must submit a copy of your LCSC unofficial transcript to the "host" institution to verify you have met the pre-requisite.
  • Complete Section I of the Consortium Agreement Form, be sure to sign and date the form.
  • Send the form to the Financial Aid Office at the "visiting" institution for Section II to be completed.
  • Once the "visiting" institution has completed Section II, submit the Consortium Agreement Form to the LCSC Financial Aid Office for completion.
  • The LCSC Financial Aid Office will forward the form to the Registrar's Office for review.
  • Once the LCSC Registrar's Office has reviewed it and made a decision, it will be returned to the LCSC Financial Aid Office.
  • Based on the decision by the Registrar's Office, the Financial Aid Office will either complete Section IV and adjust financial aid or contact the student if it was disapproved.

How do I pay fees at each school?

  • You are required to pay fees at LCSC and the "visiting" school separately.
  • LCSC tuition and fees will be paid prior to any financial aid disbursements. Residual funds may be available to pay "visiting" school fees.
  • Be sure to contact the "visiting" school to find out fee payment deadline and options.

When will my aid post to my LCSC student account?

  • Financial aid based on your LCSC credits will post either before the semester starts (if all paperwork is in before the deadline) or once attendance has been confirmed in each of your LCSC courses.
  • Additional financial aid based on your Consortium Agreement courses at the "visiting" institution will be posted to your LCSC student account once your attendance has been confirmed for each of your Consortium Agreement Courses and reported to LCSC.
    • It is the student's responsibility to make sure that attendance is confirmed for all "visiting" institution courses.
    • Professors at the "visiting" institution will need to confirm your attendance via email to finaid@lcsc.edu.
    • The email should include:
      • Your name
      • Course title, course and section numbers
      • Date(s) of attendance
      • The email should come from the instructor's official school email

How do I get my attendance confirmed for Consortium Agreement courses?

  • Have your professor(s) at the "visiting" institution confirm your attendance via email to finaid@lcsc.edu.
  • The email should include:
    • Your name
    • Course title, course and section numbers
    • Date(s) of attendance
    • The email should come from the instructor's official school email

What do I need to do after the semester ends?

  • Contact the Registrar's Office at the "visiting" institution to request a copy of your official transcript, once grades have been posted, to be sent to the LCSC Registrar's Office.
  • Confirm receipt of the transcript with the LCSC Registrar's Office.
  • Future financial aid disbursement could be held if transcript is not received.

How will Satisfactory Academic Progress (SAP) be calculated?

  • To be satisfactory students MUST:
    • Successfully pass at least 6 credits at LCSC and 
    • Maintain a minimum 2.0 grade point average and
    • Earn passing grades in at least 67% of the credits listed on your transcript.
  • Credits from the "visiting" institution will be considered non-completed for SAP review until an official transcript is received. This could put you out of SAP compliance and ineligible for further financial aid until the transcript has been received.

Where can I get more information about Consortium Agreements?

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