¾ÅÉ«ÊÓƵ is committed to providing students and their families with the best information and alternatives regarding student loans. To avoid any possible conflict of interest – or even the appearance of a conflict – we have adopted a series of rules that govern conduct by ¾ÅÉ«ÊÓƵ and by employees involved with student loans.
Lending Rules for ¾ÅÉ«ÊÓƵ
¾ÅÉ«ÊÓƵ will not:
Participate in a revenue-sharing arrangement with any lender
Assign a lender to a first-time borrower
Refuse to certify or delay certification of a loan based on the borrower’s choice of lender
Accept money from a lender for private student loans in exchange for providing the lender with a specified number of federal student loans or a preferred lender arrangement
Accept help with call center or Financial Aid office staffing
Lending Rules for ¾ÅÉ«ÊÓƵ Employees
¾ÅÉ«ÊÓƵ employees who work in the Financial Aid office or are otherwise involved in administering student loans will not:
Accept gifts of greater than a nominal value from any company involved with student loans
Accept money or other financial benefits from a lender or affiliated company as compensation for providing consulting or other services to the lender or on behalf of the lender regarding student loans
Accept anything of value from a lender or other student loan company in exchange for serving on an advisory board or other group created by the company