The U.S. Department of Education (ED) confirmed to NASFAA the following information: “We recently obtained guidance from ED ---- …the consortium doesn’t impact the student’s eligibility for Title IV aid and the program’s academic year is not affected if the coursework taken at the host school overlaps/does not take place in same timeframe as the home school’s standard term.The school that awards Title IV aid should do so based on its own academic calendar and using a Direct Loan period that encompasses the beginning and ending dates of actual enrollment.” 

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