Ivy Tech Community College of Indiana College Loan Program Code of Conduct
Revenue Sharing Prohibition
Ivy Tech Community College of Indiana will not receive anything of value from any lending institution in exchange for any advantage sought by the lending institution. Lenders have never paid to get on this institution's recommended lender list.
Gift and Trip Prohibition
Ivy Tech Community College of Indiana employees are prohibited from taking anything of more than nominal value from any lending institution. This includes a prohibition on trips for financial aid officers and other college officials paid for by the lenders.
Advisory Board Compensation Rules
Ivy Tech Community College of Indiana employees are prohibited from receiving anything of value for serving on the advisory board of any lending institution.
Recommended Lender Guidelines
The Recommended Lender lists for Ivy Tech Community College will be based solely on the best interests of the students or parents who may use the list without regard to financial interests of the College.
Recommended Lender Disclosure
The College utilizes the Simple Tuition ELender List, the USA Funds OpenNet loan processor platform and regional campus lists to advise students that they have the right and ability to select the lender of their choice regardless of the Recommended Lender List.
Loan Resale Disclosure
No lender will appear on the Recommended Lender List if the lender has an agreement to sell its loan portfolio to another lender without disclosing this fact to the College. In addition, no lender may bargain with the College to be a recommended lender with respect to a certain type of loan by providing benefits or inducements as to another type of loan.
Call Center Prohibition
Ivy Tech Community College of Indiana does not and will not utilize employees of any lender as college call center employees, nor will the College allow any representative from any lender offer staffing of the regional financial aid offices.