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Financial Aid Code of Conduct
Meridian College provides information on the Direct Loan Program and the Code of Conduct is based solely on the best interest of the student borrowers and their parent(s). Direct Loans are provided through the Department of Education.
Students and parents may choose to use Direct Loan or they have the right to select a lender of their own choice. Students and their families will not be penalized in any way for not choosing to use the Direct Loan Program.
Meridian College does not solicit or accept anything of value from any lender in exchange for any advantage sought by the lender to make educational loans to students enrolled at or admitted to the School.
Meridian College prohibits employees of the financial aid office, or any employee who otherwise has responsibilities with respect to educational loans, from taking gifts from lenders except for reimbursement of reasonable expenses which will be documented in an annual report to the Department of Education.
Meridian College prohibits employees of the financial aid office, or any employee who otherwise has responsibilities with respect to educational loans, from entering into any type of consulting arrangement or other contract to provide to a lender services related to educational loans.
Meridian College prohibits employees of the financial aid office, or any employee who otherwise has responsibilities with respect to educational loans, who serve on an advisory board relating to educational loans established by a lender or group of lenders from receiving anything of value from the lender or group of lenders in connection with serving on such an advisory board.
Meridian College prohibits external lender's employees, representatives or agents from providing staffing services to the financial aid office.
Meridian College prohibits external lender's employees, representatives or agents from identifying themselves to students of the School or their parents as employees, representatives or agents of the financial aid office.
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