Consolidated School
of Business Student Lending Code of Conduct
Consolidated School of Business 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 Consolidated School of Business officers, employees
or agents and education loan lenders, Consolidated School of Business has adopted
the following:
(1)
Consolidated School of Business does not participate in any revenue-sharing arrangements
with any lender.
(2)
Consolidated School of Business 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, guarantor or servicer.
(3)
Consolidated School of Business 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 to education loans.
(4)
Consolidated School of Business 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 thing 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. Consolidated School of Business does allow for the reasonable
reimbursement of expenses associated with participation in such boards, com missions
or groups by lenders, guarantors, or group of lenders and/or guarantors.
(5)
Consolidated School of Business does not assign a lender to any first-time borrower
through finan cial aid packaging or any other means.
(6)
Consolidated School of Business recognizes that a borrower has the right to choose
any lender from which to borrow to finance his/her education. Consolidated School
of Business 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.
(7)
Consolidated School of Business 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.
(8)
Consolidated School of Business will not request or accept any assistance with call
center or financial aid office staffing.