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Student Loan Code of Conduct for CLC Officials

Purpose

Prohibits conflict of interest with the responsibilities of an officer, employee, or agent of CLC with respect to student loans. CLC officers, employees and agents include, but are not limited to:

  1. Financial aid, admission, and business office personnel;
  2. Supervisors of financial aid, admission and business office personnel;
  3. The CLC president; and
  4. 校董会成员们。

Prohibition Against Renumeration of the College of Lake County (CLC)

CLC will not solicit or accept anything of value from any lender, guarantor, or servicer in exchange for any advantage or consideration provided by the lending institution related to its student loan activity. This prohibition covers, but is not limited to:

  1. Revenue-sharing arrangements;
  2. Any computer hardware for which CLC pays below market prices;
  3. Any computer software used to manage loans, unless the software can manage disbursements from all lenders; and
  4. Any printing costs, postage or services.

This does not prevent CLC from soliciting or accepting favorable terms and conditions where the benefit is made directly to student borrowers.

Prohibition Against Remuneration to CLC Officers, Employees and Agents

教资会职员、雇员及代理人不得索取或接受任何礼物、酬金、优惠、折扣、娱乐、招待、贷款或其他价值超过最低款额的物品。

This prohibition includes, but is not limited to, services, transportation, lodging, or meals, whether provided in kind, by purchase of a ticket, payment in advance, or reimbursement after the expense has been incurred.

This does not preclude any CLC officer, employee, or agent from receiving compensation for conducting non-college business with a lender, guarantor, or servicer, or from accepting compensation that is offered to the general public.

This prohibition does not prevent CLC from holding membership in any non-profit professional associations.

The following items are not considered "gifts:"

  1. Materials or programs on issues related to loans, default aversion, default prevention, or financial literacy;
  2. Food, refreshments, training, or informational material furnished to any officer, employee, or agent as an integral part of a training program designed to improve the service of a lender, guarantor, or servicer of education loans to CLC, if such training contributes to the professional development of the officer, employee, or agent;
  3. Favorable terms, conditions, and borrower benefits on an education loan provided to a student employed by CLC if such terms, conditions, or benefits are comparable to those provided to all students;
  4. Entrance and exit counseling services provided to borrowers, as long as:
    1. The institution's staff maintains control of the counseling; and
    2. The products and services of any lender are not promoted.
  5. Philanthropic contributions to CLC that are unrelated to education loans and are not made in exchange for any advantage related to education loans;
  6. State education grants, scholarships, or financial aid funds administered by or on behalf of a State.

Ban on Gifts to Family Members

Gifts to family members of any officer, employee, or agent of CLC will be considered a gift to said officer, employee or agent if:

  1. The gift is given with the knowledge and acquiescence of the officer, employee, or agent; and
  2. 官员，雇员或代理人有理由相信礼物是由于该官员，雇员或代理人的官方职位。

Limits of College Officers, Employees and Agents Participating on Lender Advisory Boards

CLC officers, employees and agents are prohibited from receiving any remuneration for serving as a member or participant on an advisory board of any lender, guarantor or servicer, or receiving any reimbursement of expenses from said participation.

This does not preclude any officer, employee or agent from participating on a lender advisory board unrelated to student loans.

This does not preclude CLC officers, employees and agents not directly or indirectly involved in the affairs of the college's financial aid office from serving on the board of directors of a publicly traded or privately held company.

Contracting Arrangements Prohibited

CLC officers, employees and agents are prohibited from entering into contracting or consulting arrangements, except that:

  1. At who is not employed in the financial aid office and does not have responsibilities for loans may perform paid or unpaid service on a board of directors of a lender, guarantor or servn officer, employee, or agenicer.
  2. An officer, employee, or agent who is not employed in the financial aid office but does have responsibilities for loans may perform paid or unpaid service on a board of directors of a lender, guarantor or servicer if they recuse themselves, in writing, from decisions involving CLC.
  3. An officer, employee, or agent of a lender, guarantor, or servicer may serve on the Board of Trustees of CLC if they recuse themselves, in writing, from decisions regarding student lending.

Prohibition on Offers of Funds for Educational Loans

CLC不会招揽或接受任何资助私人教育贷款或机会池贷款的安排，以换取向出借人提供贷款数量或优先出借人安排。

Ban on Staffing Assistance

CLC will not solicit or accept staffing assistance from any lender, except for:

  1. 职业发展培训;
  2. Educational counseling, financial literacy, 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;
  3. 在紧急情况下提供短期人手协助。

Interaction with Borrowers

CLC参加了直接贷款计划，所有的学生和家长借款人都被纳入该计划。In respect to Direct Lending and/or alternative loans:

  1. CLC will not, for any borrower, assign through award packaging or other methods, the borrower's loan to a particular lender
  2. CLC will not refuse to certify, or delay certification of, any loan based on the borrower's selection of a particular lender or guaranty agency.

How to Apply for a Direct Student Loan at CLC

For information about applying for a student loan, seeStudent Loan Procedures.