Financial Aid - Code of Conduct

In accordance with the Code of Federal Regulations (34 CFR 601.21) and the Higher Education Opportunity Act of 2008, the Financial Aid Office is prohibited from:

  • Revenue-sharing agreements with any lender,
  • Steering borrowers to particular lenders or delaying loan certifications, and
  • Offers of funds for private loans to students in exchange for providing concessions or promises to the lender for a specific number of Federal Student Aid loans, a specified loan volume, or a preferred lender arrangement.

This Code of Conduct applies to officers, employees, and agents of the school and prohibits employees of the Financial Aid Office from receiving gifts from a lender, guaranty agency, or loan servicer.

 

The Financial Aid Office, or other employees or agents with responsibilities with respect to education loans, are prohibited from accepting compensation for:

  • Any type of consulting arrangement or contract to provide services to or on behalf of a lender relating to education loans; and
  • Service on an advisory board, commission, or group established by lenders or guarantors, except for reimbursement for reasonable expenses

The Code of Conduct is applicable to any institution of post secondary education that participates in the Federal Student Aid education loan programs (Direct Loans, Parent PLUS Loans, Graduate PLUS Loans, FFEL Loans, Stafford Loans, Perkins Loans, and HPSL Loans).