FINANCIAL AID CODE OF CONDUCTAll officers, employees and agents of the University are required to comply with the following
code of conduct as mandated by the Arizona Attorney General and Congress via the 2008
Higher Education Opportunity Act.
Individuals will be deemed to be in violation of this code of conduct if:a) they have received a gift from a lender, guaranty agency or loan servicer. No officer or
employee (or an employee or agent who otherwise has responsibilities with respect toeducational loans) may solicit or accept any gift from a lender, guarantor, or servicer ofeducation loans. A “gift” is defined as any gratuity, favor, discount, entertainment, hospitality,loan, or other item having monetary value of more than a de minimus amount (not more thanten dollars ($10.00) as calculated over a 12-month period). However, a gift does not include (1)a brochure, workshop, or training using standard materials relating to a loan, default aversion, orfinancial literacy, such as a brochure, workshop or training; (2) food, training, or informational
material provided as part of a training session designed to improve the service of a lender,guarantor, or servicer if the training contributes to the professional development of theinstitution’s officer, employee or agent; (3) favorable terms and benefits on an education loan
provided to a student employed by the institution if those terms and benefits are comparable tothose provided to all students at the institution; (4) entrance and exit counseling as long as theinstitution’s staff are in control of the counseling and the counseling does not promote theservices of a specific lender; (5) philanthropic contributions from a lender, guarantor, or servicer
that are unrelated to education loans or any contribution that is not made in exchange foradvantage related to education loans, and; (6) State education grants, scholarships, or financial
aid funds administered by or on behalf of a State;b) they have entered in to a contracting arrangement. No officer or employee (or employee
or agent who otherwise has responsibilities with respect to education loans) may accept froma lender, or an affiliate of any lender, any fee, payment, or other financial benefit ascompensation for any type of consulting arrangement or contract to provide services to or on
behalf of a lender relating to education loans;c) they have steered borrowers to particular lenders or are delaying loan certifications. For
any first-time borrower, an employee may not assign, through the award packaging or othermethods, the borrower’s loan to a particular lender. In addition, the employee may not refuse
to certify, or delay the certification, of any loan based on the borrower’s selection of aparticular lender or guaranty agency;d) they have received compensation for serving on an advisory board. An employee (oremployee who otherwise has responsibilities with respect to education loans or financial aid)
who serves on an advisory board, commission, or group established by a lender or guarantor(or a group of lenders or guarantors) is prohibited from receiving anything of value from thelender, guarantor, or group, except for reimbursement for reasonable expenses incurred by
the employee for serving on the board.