Financial Aid Code of Conduct Davis College is committed to providing students and their families with the best information and processing alternatives available regarding student borrowing. In support of this and in an effort to rule out any perceived or actual conflict of interest between Davis employees and education loan lenders, and to maintain professional conduct, Davis College has adopted the following: • Davis College does not participate in any revenue-sharing arrangements with any lender. • Davis does not permit any officer, employee, or agent of the school who is employed in the office of financial aid or is otherwise involved in the administration of education loans to accept any gifts of greater than a nominal value from any lender, guarantor, or servicer. • Davis College does not permit any officer, employee, or agent of the school who is employed in the office of financial aid or is otherwise involved in the administration of education loans to accept any fee, payment, or other financial benefit (including a stock purchase option) from a lender or affiliate of 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. • Davis College does not permit any officer, employee, or agent of the school who is employed in the office of financial aid or is otherwise involved in the administration of education loans to accept anything of value from a lender, guarantor, or group of lenders and/or guarantors in exchange for service on an advisory board, commission, or other group established by such a lender, guarantors, or group of lenders and/or guarantors. Davis College does allow for the reasonable reimbursement of expenses associated with participation in such boards, commissions, or groups by lenders, guarantors, or groups of lenders and/or guarantors. • Davis College does not assign a lender to any first-time borrower through financial aid packaging or any other means. • Davis College recognizes that a borrower has the right to choose any lender from which to borrow to finance his/her education. Davis College will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower’s selection of a lender and/or guarantor. • Davis College will not request or accept any offer of funds to be used for private education loans to students from any lender in exchange for providing the lender with a specified number or volume of Title IV loans, or a preferred lender arrangement for Title IV loans. • Davis College will not request or accept any assistance with call center or office of financial aid staffing • Davis College will remain objective in making decisions and advisement regarding relationships with any entity involved in any aspect of student financial aid. • Davis College will refrain from taking any action for employee personal benefit. • Davis College will refrain from taking any action believed to be contrary to law, regulation, or the best interests of the students and parents. • Davis College will ensure that the information provided is accurate, unbiased, and does not reflect any preference arising from actual or potential employee personal gain.
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FINANCIAL AID
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