The College will not enter into revenue-sharing arrangements with any lenders that result in a financial benefit to the College or its employees.
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:
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.
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.
The College will not assign a loan to a particular lender for any borrowers through award packaging or other methods.
If the College develops and publishes a list of recommended or preferred lenders ("recommended lender list"), the College will do so based solely on the best interests of student and parent borrowers. The College will prominently disclose on all publications of a recommended lender list:
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.
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.
Choosing a college is an important decision, and we’re pleased that you’re interested in Surry Community College.