Relationships with lenders
Officers, employees and agents of Westwood College, in dealing with lenders providing financial aid to our students, must comply with the following Code of Conduct provisions:
- You must avoid creating any relationship with any lender that would constitute a conflict of interests, as defined in the Code;
- Neither you nor any member of your family can accept a “gift” from a lender, broadly
defined to include any gratuity, favor, discount, entertainment, hospitality, loan or other
item worth more than de minimus amount;
- You may not accept any compensation from any lender or affiliate of any lender for any
reason;
- You may not establish any revenue sharing arrangement with any lender;
- You must provide students with a choice of lenders, which includes lenders Alta may
designate as “preferred,” and you may not direct or assign students to a particular
lender. You must also allow students to use the lender of their choice even if it is not on
the choices you provide to the student:
- You may not request or accept any call center staffing or financial aid back office
services from any lender;
- You may not request or accept private education loan funds in exchange for
guaranteeing volume or number of loans or preferred lender arrangements to any lender;
and,
- You may not accept anything of value, except for reasonable expense reimbursement,
for service on an advisory board, commission, committee or group established by any
lender or guarantor.