​​Code of Conduct for U.S. Education Loans
​The code of conduct prohibits conflict of interest with the responsibilities of an Ì©¹ú²ÊƱemployee with respect to private education loans.
All employees at Ì©¹ú²ÊƱwith ​responsibility for US loans are prohibited from:
- Revenue-sharing arrangements with any lender
- Recommending lender
- Receiving gifts from a lender or a loan servicer
- Promoting lenders through entrance and exit counseling
- Accepting financial benefits from any lender or affiliate of a lender as compensation for any type of contracting arrangements.
- Directing borrowers to particular lenders* or refusing or delaying loan certifications based on borrower’s selection of a particular lender
- Accepting offers of funds for private loans
- Requesting or accepting lender assistance with financial aid office staffing
- ​Accepting compensation from lenders if serving on advisory boards.
​​All employees with responsibilities for U.S. loans are informed annually of the provisions of the code of conduct.
* Ì©¹ú²ÊƱdoes not have a preferred​ lender arrangement, since the only lender offering such loans overseas is SallieMae, therefore the latter is not a preferred lender and this does not represent a preferred lender arrangement.