Patricia Stevens College

Student Loan Code of Conduct

 

I. Patricia Stevens College shall not enter into a revenue-sharing arrangement in which a lender pays a fee or provides other material benefits to the school or its officers, employees or agents in exchange for the school recommending the lender to its students.

II. Patricia Stevens College shall not receive any “gifts” from lenders, guarantors or loan servicers.

III. Patricia Stevens College will not exchange “gifts” with family members and others with relationship to school employees, officers and agents. Gifts shall not be used as an incentive for employment opportunities.

IV. Patricia Stevens College will not be involved with a contracting agreement with respect to educational loans or financial aid and will not receive any financial benefit from a lender or lender affiliate as compensation for any consulting or services provided to or for a lender.

V. Patricia Stevens College will not assign a loan for a first-time borrower to a particular lender or delay or refuse to certify a loan based on the borrower’s choice of lender or guarantor.

VI. Patricia Stevens College will not engage in offers of funds from a lender for privated educational loans including funds for opportunity pool loans to its students in exchange for concessions or promises to the lender regarding the number or volume of title IV loans made by said lender or a preferred lender status for such loans.

VII. Patricia Stevens College will not request or accept assistance from a lender for call center or financial aid office staffing.

VIII. Any employee of Patricia Stevens College with respect to educational loans or financial aid who serves on an advisory group established by a lender, guarantor or group of lenders or guarantors may only receive reimbursement for reasonable expenses related to serving in group.