TITIE IV LOAN CODE OF CONDUCT
The Financial Aid Office of International Salon and Spa Academy abides by the Code of Conduct that applies to all financial aid employees and all other employees and agents who have responsibilities with respect to educational loans. The Financial Aid Office Staff is expected to maintain exemplary standards of professional conduct in all aspects of carrying out the responsibilities, specifically including all dealings with any entities involved in any manner in student financial aid, regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity.
In doing so, a financial aid professional should:
1. Not engage in revenue-sharing arrangements with any lender. This is defined as any arrangement between a school and a lender that results in the lender paying a fee or other benefits, including a share of the profits, to the Academy, its officer, employees or agents, as a result of the Academy recommending the lender to its students or families of those students.
2. Employees in the Financial Aid Office will not accept gifts from any lender, guaranty agency or loan servicer.
3. Favorable terms and benefits to a student employed by the Academy as long as those same terms are provided to all students at the Academy.
4. Entrance and exit counseling as long as the Academy’s staff is in control and the services of a specific lender are not promoted.
5. Philanthropic contributions from a lender, guarantee agency or servicers unrelated to educational loans are not promoted.
6. The Academy will not request or accept any assistance with call center staffing for financial aid office staffing. However, the Academy can request or accept any assistance from a lender related to:
a. Professional development training for financial aid administrators.
b. Providing educational counseling materials, financial literacy materials, or debt management materials to borrowers, provided that such materials disclose to borrowers the identification of any lender that assisted in preparing or providing such materials.
c. Staffing services on a short-term, nonrecurring basis to assist the Academy with financial aid related functions during emergencies, including State-declared or federal declared natural disasters, and other localized disasters and emergencies identified by the Secretary.
7. No employee of the Academy may receive anything of value from a lender, guarantor, or group in exchange for serving in this capacity.
8. The Academy does not permit a lender to use any form of identification related to International Salon and Spa Academy on lender promotion materials.
The Financial Aid Office of International Salon and Spa Academy abides by the Code of Conduct that applies to all financial aid employees and all other employees and agents who have responsibilities with respect to educational loans. The Financial Aid Office Staff is expected to maintain exemplary standards of professional conduct in all aspects of carrying out the responsibilities, specifically including all dealings with any entities involved in any manner in student financial aid, regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity.
In doing so, a financial aid professional should:
1. Not engage in revenue-sharing arrangements with any lender. This is defined as any arrangement between a school and a lender that results in the lender paying a fee or other benefits, including a share of the profits, to the Academy, its officer, employees or agents, as a result of the Academy recommending the lender to its students or families of those students.
2. Employees in the Financial Aid Office will not accept gifts from any lender, guaranty agency or loan servicer.
3. Favorable terms and benefits to a student employed by the Academy as long as those same terms are provided to all students at the Academy.
4. Entrance and exit counseling as long as the Academy’s staff is in control and the services of a specific lender are not promoted.
5. Philanthropic contributions from a lender, guarantee agency or servicers unrelated to educational loans are not promoted.
6. The Academy will not request or accept any assistance with call center staffing for financial aid office staffing. However, the Academy can request or accept any assistance from a lender related to:
a. Professional development training for financial aid administrators.
b. Providing educational counseling materials, financial literacy materials, or debt management materials to borrowers, provided that such materials disclose to borrowers the identification of any lender that assisted in preparing or providing such materials.
c. Staffing services on a short-term, nonrecurring basis to assist the Academy with financial aid related functions during emergencies, including State-declared or federal declared natural disasters, and other localized disasters and emergencies identified by the Secretary.
7. No employee of the Academy may receive anything of value from a lender, guarantor, or group in exchange for serving in this capacity.
8. The Academy does not permit a lender to use any form of identification related to International Salon and Spa Academy on lender promotion materials.