Code of Conduct Governing Educational Loan Activities

Section 487 (a)(25)(A) of the Higher Education Act requires schools who participate in Title IV loan programs to develop, administer, and enforce a code of conduct governing educational loan activities. The code of conduct shall prohibit a conflict of interest between the responsibilities of an officer, employee, or agent of the school and financial institutions with respect to such loans.

• Midwestern Career College code of conduct prohibits the following:
• Revenue-sharing arrangements with any lender
• Receiving gifts from a lender, guarantor, or loan services
• Contracting arrangement providing financial benefit from any lender or affiliate of a lender
• Directing borrowers to particular lender(s), or refusing or delaying loan certifications
• Offer of funds for private loans
• Call center or financial aid office staffing assistance
• Advisory board compensation