Financial Aid Code of Conduct:

  • The College will not participate in any revenue-sharing arrangement with any lender.
  • Officers, employees or agents of the College who are employed in the Office of FInancial Aid or who otherwise have responsibilities with respect to education loans will not solicit or accept any gift (other than those of de minimus value) from any lender, guarantor or servicer of educational loans.
  • Officers, employees or agents of the College who are employed in the Office of Financial Aid or who otherwise have responsibilities with respect to education loans will not accept any fee, payment or other financial benefit (including the opportunity to purchase stock) from any lender or affiliate of any lender as compensation for any type of consulting arrangement or other contract to provide services to a lender or on behalf of a lender relating to education loans.
  • The College will only assign a first-time borrower’s federal loan to the Federal Government as the lender. The College will be the lender for all Perkins Loans and International Student Loans.
  • The College will not assign a student’s private loan to a particular lender, or refuse to certify or otherwise deny or delay certification of any private loan based on the borrower’s selection of a particular lender or guarantor.
  • The College will not request or accept from any lender any offer of funds for private education loans to students, including funds for an opportunity loan pool, in exchange for the College providing the lender with a specified number or volume of Title IV loans or a preferred lender arrangement with respect to such loans.
  • The College will not request or accept from any lender any assistance with call center or Office of Financial Aid staffing.
  • Officers, employees or agents of the College who are employed in the Office of Financial Aid or who otherwise have responsibilities with respect to education loans, and who serve on any advisory board, commission or group established by any lender, guarantor, or group of lenders or guarantors, will not accept anything of value from the lender, guarantor, or group of lenders or guarantors, except for reasonable reimbursement of expenses incurred in serving on such an advisory board, commission or group.