Financial Aid Code of Conduct


As an institution assisting students with financial planning, Alaska Career College is concerned that students not only receive information required by federal and state agencies but information that will assist students in making sound financial decisions. Most of the information required to be distributed by the Higher Education Amendments of 1998 has been satisfied by this catalog; however, Financial Planning advisors are available to discuss consumer information in more detail either by telephone or in person.
 
As an institution participating in Federal student Aid loan programs the following code of conduct applies to all Alaska Career College employees and agents of the college. This code of conduct includes the following bans:
  • Revenue-sharing arrangements with any lender
  • Steering borrowers to particular lenders or delaying loan certifications, and
  • Offering of funds for private loans to students in exchange for providing concessions or promised to the lender for a specific number of FSA loans, a specified loan volume, or a preferred lender arrangement
  • Receiving gifts from a lender, guaranty agency, or loan servicer
  • Accepting any type of consulting arrangement or contract to provide services to or on behalf of a lender relating to education loans; and
  • Serving on an advisory board, commission, or group established by lenders or guarantors, except for reimbursement for reasonable expenses.