Financial Aid Student Lending of Code of Conduct

Central Piedmont – Student Lending Code of Conduct

The Higher Education Opportunity Act of August 14, 2008 includes provisions that campuses participating in Title IV programs publish a code of conduct which describes prohibited practices related to loan programs. To avoid any conflict of interest with the responsibilities of a Central Piedmont employee with respect to student lending, the Central Piedmont Code of Conduct prohibits the following:

  • revenue sharing arrangement with any lender
  • the solicitation or acceptance of gifts from a lender, guarantor, or servicer by anyone with responsibilities with respect to loans at the institution
  • receipt of any fees, payments, or other financial benefits (including a stock purchase option) by anyone with responsibilities with respect to loans from a lender as compensation for any type of consulting arrangement or contract to provide services to a lender or on behalf of a lender relating to education loans
  • the assignment of a first-time borrower’s loan to a particular lender or refusing to certify or otherwise delay certification of any loan regardless of the lender or guaranty agency the borrower selects
  • the acceptance of any funds to be used for private education loans in exchange for the institution providing concessions to the private lender
  • requesting or accepting assistance with call center staffing or financial aid office staffing from any lender
  • any employee with responsibilities with respect to financial assistance at the institution who serves on an advisory board or commission of a lender or guarantor may not accept anything of value from the lender or guarantor except reimbursement for the reasonable expenses of serving on the board or commission