Get Asu Consortium Agreement

In the context of family law, consortium means the benefits a spouse is entitled to receive from their partner including companionship, cooperation, affection, aid, financial support, and sexual relations. [Last updated in December of 2021 by the Wex Definitions Team]

Consortia can also be commercial in nature. One example would be the company, Airbus, which was originally a consortium of European aerospace manufacturers.

A consortium allows 2 or more businesses to combine their capabilities when developing and delivering a tender. The primary driver of a consortium approach is that it allows for greater economies of scale, efficiency and effectiveness.

Per federal regulations, a student may receive federal financial aid from only one school during any given semester. The Consortium Agreement allows the degree-granting institution (Home College) to count courses being taken at the host school (Teaching College) in the aid calculation.

A financial aid consortium agreement is a binding agreement between eligible schools that allows a student enrolled in a degree-granting or certificate program at one institution (the Home School) to study at and receive credit from a Host Institution for a limited time (usually one or two semesters).

A financial guarantee serves as a contract between the student, the sponsor and ASU. It allows ASU to bill the sponsor for the tuition and fees agreed upon in the document. The document itself includes the student's approved major and length of scholarship.

A consortium agreement is a written contract that enables students to pursue coursework at two institutions simultaneously.

What Is a Consortium? A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common objective. Entities that participate in a consortium pool resources but are otherwise only responsible for the obligations that are set out in the consortium's agreement.