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Student Lending Code of Conduct
The University of Pittsburgh is committed to providing students and their
families with the best information and processing alternatives available
regarding student borrowing. In support of this and in an effort to rule
out any perceived or actual conflict of interest between the University
of Pittsburgh officers, employees or agents and education loan lenders,
the University of Pittsburgh has adopted the following:
- The University of Pittsburgh does not participate in any
revenue-sharing arrangements with any lender.
- The University of Pittsburgh does not permit any officer,
employee or agent of the school who is employed in the financial aid
office or is otherwise involved in the administration of education
loans to accept any gifts of greater than a nominal value from any
lender, guarantor or servicer.
- The University of Pittsburgh does not permit any officer,
employee or agent of the school who is employed in the financial aid
office or is otherwise involved in the administration of education
loans 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.
- The University of Pittsburgh does not permit any officer,
employee or agent of the school who is employed in the financial aid
office or is otherwise involved in the administration of education
loans 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. The University of
Pittsburgh 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.
- The University of Pittsburgh does not assign a lender to any
first-time borrower through financial aid packaging or any other
means.
- The University of Pittsburgh recognizes that a borrower has the
right to choose any lender from which to borrow to finance his/her
education. The University of Pittsburgh 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.
- The University of Pittsburgh 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.
- The University of Pittsburgh will not request or accept any
assistance with call center or financial aid office staffing.
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