Code of Conduct
To prohibit a conflict of interest when administering financial aid, the employees of Philadelphia University will comply with the following:
- Philadelphia University does not participate in any revenue-sharing arrangements with any lender.
- Philadelphia University does not permit any employee of the school who is involved in the administration of financial aid to accept any gifts of greater than a nominal value from any lender, guarantor, or servicer.
- Philadelphia University does not permit any employee of the school to accept any fee, payment or other financial benefit (including a stock purchase option) from a lender or affiliate of a lender as compensation for any type of consulting arrangement or contract to provide services to a lender or on behalf of a lender relating to education loans.
- Philadelphia University does not permit any employee to accept any thing of value from a lender, guarantor, or group of lenders and/or guarantors in exchange for service on an advisory board, commission or other group established by such a lender, guarantor group of lenders and/or guarantors. Philadelphia University does allow for the reasonable reimbursement of expenses associated with participation in such boards, commissions or groups by lenders, guarantors, or groups of lenders and/or guarantors.
- Philadelphia University does not assign a lender to any first-time borrower through financial aid packaging or any other means.
- Philadelphia University recognizes that a borrower has the right to choose any lender from which to borrow to finance his/her education. Philadelphia University will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower's selection of a lender and/or guarantor.
- Philadelphia University will not request or accept any offer of funds to be used for private education loans to students from any lender in exchange for providing the lender with a specified number or volume of Title IV loans, or a preferred lender arrangement for Title IV loans.
- Philadelphia University will not request or accept any assistance with call center or financial aid staffing.