Transfer credit

Transfer credit

Transfer credit, credit transfer, or advanced standing are the terms used by colleges and universities for the procedure of granting credit to a student for educational experiences or courses undertaken at another institution.

"Advanced standing" is also used to describe the status of a student granted credit, as distinct from normal course entrants who commence the stream of study at the beginning.

Contents

Background

When a student transfers, they usually provide their academic transcript(s) which lists the course taken, grade and other attributes from each institution they attended when applying for enrollment. Each transcript and the listed courses are tentatively evaluated to see if any of the courses taken satisfy the requirements of the receiving institution.

Transfer credit is not official until an academic officer of the college or university provides a written verification the award has been accepted and applied on the academic transcript meeting the degree requirement. Transfer credit is not guaranteed when a student transfers from one institution to another. Often, some prior course credit completed at another institution is not counted toward the degree requirement, extending the student's time to graduation.

Transfer schemes

Historically credit transfer has mainly been administered on an adhoc basis by higher education institutions but it has now become an important area of national and transnational education policy, particularly in relation to mobility between countries and educational sectors. Consequently, agreements between groups of universities have been put in place, such as Australian Group of Eight Universities, and broader schemes have been developed to simplify transfer.

See also

External links


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • transfer credit risk — The credit risk that arises, especially on long term contracts, as a result of a foreign debtor s inability to obtain foreign currency from the central bank at the appropriate time. This may occur even when the debtor is able and willing to pay.… …   Accounting dictionary

  • transfer credit risk — The credit risk that arises, especially on long term contracts, as a result of a foreign debtor s inability to obtain foreign currency from the central bank at the appropriate time. This may occur even when the debtor is able and willing to pay.… …   Big dictionary of business and management

  • credit transfer — noun A method of settling a debt by transferring cash from an account at a bank or post office to the creditor s account • • • Main Entry: ↑credit * * * credit transfer UK US noun [countable] [singular credit transfer …   Useful english dictionary

  • credit transfer — ➔ transfer2 * * * credit transfer UK US noun [C or U] especially UK ► BANKING the process of moving money from one bank account to another electronically: automated/automatic credit transfer »The move to automatic credit transfer will virtually… …   Financial and business terms

  • Credit transfer — can refer to: The transfer of money from one account to another, also called a wire transfer The procedure of granting credit to a student for studies completed at another school, also called transfer credit or advanced standing. This… …   Wikipedia

  • credit default swap — A contract between a credit protection seller (seller) and a credit protection buyer (buyer) where, in consideration of the buyer paying the seller an agreed fee, the seller agrees to pay out agreed sums to the buyer if certain credit events… …   Law dictionary

  • Credit Default Insurance — The use of a financial agreement usually a credit derivative such as a credit default swap, total return swap, or credit linked note to mitigate the risk of loss from default by a borrower or bond issuer. Credit default insurance allows for the… …   Investment dictionary

  • Credit history — This article deals with the general concept of the term credit history. For detailed information about the same topic in the United States, see Credit score (United States). Credit history or credit report is, in many countries, a record of an… …   Wikipedia

  • credit derivative — Contractual arrangements that allow one party to transfer credit risk of a reference asset, which it may or may not own, to one or more counterparties. The first party may be called the protection buyer , the beneficiary or the originator . The… …   Financial and business terms

  • credit risk — The risk that a counterparty will default or delay payment on an obligation or that the value of a flow of payments will decline due to an adverse movement in the counterparty s credit rating See also political credit risk; transfer credit risk …   Big dictionary of business and management

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”