Handling Refunds

The refund policy for federal aid should not be different for a student under a consortium agreement. If a school has a special procedure for handling tuition adjustments for consortium students, the school must provide students a general description of this procedure within its consumer disclosures.

Under a consortium agreement, the Teaching Institution is required to provide enrollment status information to the Home institution when a student’s status changes. For example, if a student has failed to commence the attendance period, the Teaching Institution must notify the Home institution that the student did not begin attendance in a course. In addition, if the student unofficially ceases attendance in a course the Teaching Institution must notify the Home Institution. At the end of a term if a student is determined to have received a non-passing grade, the Teaching Institution must notify the Home institution of the date of determination (DOD) for the unofficial withdrawal (unless the student completed the course and was assigned a failing grade for his or her work) and the last date of attendance (LDA).The Home institution would complete a refund calculation based on the DOD and LDA.

Review Acadeum's Refund Policy here:

Acadeum Refund Policy