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Institutional Code of Conduct for Education Loans

Revenue Sharing Ban

The College will not enter into revenue-sharing arrangements with any lenders that result in a financial benefit to the College or its employees.

Gift Ban

Employees and officials will not solicit or accept gifts, cash or other payments from any lender, guarantor, or servicer. The term "gift" means any gratuity, favor, discount, entertainment, hospitality, loan or other item having a monetary value of more than $10.00. This ban does not include the following:

Advisory Board Compensation

The College will not enter into revenue-sharing arrangements with any lenders that result in a financial benefit to the College or its employees.

Opportunity Pools

The College will not request or accept from any lender any offer to be used for private education loans, including funds for an opportunity pool loan, in exchange for providing concessions or promises of a specified volume of Title IV loans, or a preferred lender arrangement for Title IV loans.

Contract Arrangement Prohibition

Employees with educational loan responsibilities will not receive any remuneration from a lender as compensation for any type of consulting arrangement, or other contract to provide services relating to education loans.

Assignment of Lenders

The College will not assign a loan to a particular lender for any borrowers through award packaging or other methods.

Recommended Lender List

Loan Certification

The College will not refuse to certify or delay certification of any loan based on the borrower's selection of a particular lender or guarantor.

Private Loans as a Last Resort

The College will not certify student eligibility for a private loan without first informing the borrower of the availability of federal grants and loans, and that federal loans may provide more advantageous terms than private loans.