The Higher Education Opportunity Act of 2008 (HEOA) requires that institutions participating in the federal student loan programs develop, publish and enforce a code of conduct with respect to students loans.
Orion College is committed to the highest standard of ethics and conduct and therefore, the staff of the Office of Financial Aid is bound by the institution’s Code of Conduct, which requires each individual to comply with legal and regulatory requirements, policies and procedures that apply to his or her particular duties. Additionally, to comply with the HEOA Orion College has implemented the following Code of Conduct which applies to the officers and employees of Orion College.
The purpose for the rules set by the Code of Conduct is to ensure that loans are administered in a fair and unbiased manner. The intent of the Code of Conduct for Education Loans is to remove any conflict of interest from the student loan process.
Orion College (and its officers/employees):
- Does not participate in revenue-sharing arrangements with any lender
- Does not receive gifts from lenders, guarantors, or loan servicers
- Does not contract agreements providing financial benefit from any lender or affiliate of a lender
- Does not direct borrowers to specific lenders
- Does not refuse or delay loan certifications
- Does not offer funds for private loans
- Prohibits all employees from providing staffing services to the financial aid office
- Prohibits employees from serving and receiving compensation relating to advisory boards.