Student Loan Code of Conduct

 

Please read the following code of conduct before choosing the link at the bottom of the page. Clicking the link for lender comparison constitutes that you have read and understand the student loan code of conduct.

Pennsylvania College of Art & Design 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 Pennsylvania College of Art & Design officers, employees or agents
and education loan lenders, Pennsylvania College of Art & Design has adopted the
following:

• Pennsylvania College of Art & Design does not participate in any revenue-sharing
arrangements with any lender.

• Pennsylvania College of Art & Design 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.

• Pennsylvania College of Art & Design 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.

• Pennsylvania College of Art & Design 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. Pennsylvania College of Art
& Design 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.

• Pennsylvania College of Art & Design does not assign a lender to any first-time
borrower through financial aid packaging or any other means.

• Pennsylvania College of Art & Design recognizes that a borrower has the right to
choose any lender from which to borrow to finance his/her education.
Pennsylvania College of Art & Design 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.

• Pennsylvania College of Art & Design 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.

• Pennsylvania College of Art & Design will not request or accept any assistance
with call center or financial aid office staffing.

Students should only consider obtaining a private education loan after they have utilized the Federal Stafford loan.

Go to Student Private/Alternative Loans
(For students who would like assistance in comparing lenders and loan products.
Clicking this link will take you away from Pennsylvania College of Art & Design's Website.)


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