Dec 16, 2018  
2018-2019 Academic Catalog 
    
2018-2019 Academic Catalog

Student Loan Code of Conduct


Goldey-Beacom 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 Goldey-Beacom College officers, employers or agents and private education loan lenders, Goldey-Beacom College has adopted the following code of conduct:

  • Goldey-Beacom College does not participate in any revenue-sharing arrangements with any private lender.
  • Goldey-Beacom College does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any gifts of greater than a nominal value from any lender or servicer.
  • Goldey-Beacom College does not permit any officer, employee or agent of the school who is employed in the financial aid office 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 education loans.
  • Goldey-Beacom College does not permit any officer, employee or agent of the school who is employed in the financial aid office 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, guarantor group of lenders and/or guarantors. Goldey-Beacom College does allow for the reasonable reimbursement of expenses associated with participation in such boards, commissions or groups by lenders or groups of lenders.
  • Goldey-Beacom College does not assign a private lender to any first-time borrower through financial aid packaging or any other means.
  • Goldey-Beacom College recognizes that a borrower has the right to choose any private lender from which to borrow to finance an education. Goldey-Beacom College will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower’s selection of a private lender.
  • Goldey-Beacom 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.
  • Goldey-Beacom College will not request or accept any assistance with call center or financial aid office staffing.