Code of Conduct for Educational Loans

In compliance with the Higher Education Opportunity Act of 2008 (HEOA), Arizona Christian University (ACU) has established a code of conduct to which its employees in the Office of Financial Aid and employees who have responsibilities with respect to educational loans must adhere.

Revenue Sharing

ACU prohibits all employees in the Office of Financial Aid and employees who have responsibilities with respect to educational loans from any revenue-sharing arrangements with any lender, guarantor, or servicer. Furthermore, ACU prohibits said employees from promoting or recommending any product from any lender, guarantor, or servicer.

Receiving Gifts

ACU prohibits all employees in the Office of Financial Aid and employees who have responsibilities with respect to educational loans from accepting or soliciting any gifts from a lender, guarantor, or servicer. The term “gift” is defined as any gratuity, favor, discount, entertainment, hospitality, loan, or other items valued at more than a de minimis amount. This also includes any services, transportation, lodging, or meals, whether provided in kind, by purchase of a ticket, payment in advance or by reimbursement.

Contracting Arrangements

ACU prohibits all employees in the Office of Financial Aid and employees who have responsibilities with respect to educational loans from accepting compensation for serving on a board of directors of a lender, guarantor, or servicer.

Student Choice of Lenders

ACU allows students the freedom to choose any private loan lender. ACU does not assign a specific lender, nor prohibits or delays a certification based on a student’s choice.

Offers of Funds for Private Loans

ACU prohibits acceptance of offers of funds for private loans including funds for opportunity pool loans from any lender, guarantor, or servicer in return for special concessions toward a lender, guarantor, or servicer.

Staffing Assistance

ACU and the Office of Financial Aid will not accept any offer from a lender, guarantor, or servicer for staffing assistance within said office.

Advisory Board Compensation

ACU prohibits all employees in the Office of Financial Aid and employees who have responsibilities with respect to educational loans from accepting any form of compensation from a lender, guarantor, or servicer for serving on an advisory board, commission or other group established by such lender, guarantor, or servicer or a group of lenders/guarantors.

The Office of Student Financial Aid and Scholarships conducts its student loan programs by the policies and procedures contained in this Code of Conduct.