At a high level, a consortium is an agreement between organizations that provides mutually beneficial benefits to each of the parties involved. In relation to Acadeum, a consortium is an agreement between schools that allows grades and credits to be transferred from one school to another. Essentially, the consortial agreement is both schools saying that their academic standards are aligned and that content taught at one school is comparable to that taught at the other.
The consortial agreement is a critical part of Acadeum’s online course offerings, because it guarantees that credit and grades you receive for completed courses will transfer to your home institution, which is not common for courses taken outside of your home institution. In fact, usually only 40% of credits taken at community colleges transfer back to the home institution, resulting in a loss of time and money for the student.